[Apha Biz=(Chicago) Reporter Paul Lee] EnChem, which specializes in secondary battery electrolytes, is going to diversify its business area by securing additional technology in the all-solid battery field and energy storage system (ESS) that utilizes it.

EnChem announced on the 1st that it will acquire a 54.56% stake in TDL for 19.8 billion won.

According to the company, TDL, founded in 2004, is a venture company specializing in developing electrolytes for all-solid batteries and all-solid batteries. TDL, located in Gwangju, is considered to have a high level of technological competitiveness in the field of all-solid batteries.

For electrolyte, one of the key materials for secondary batteries, the company explained that Enchem, the nation's largest producer and the fourth-largest global market share, is aimed at actively expanding its business into the ESS sector in addition to securing future battery electrolyte material technology and producing products centered on electric vehicles (EV).

EnChem announced that the acquisition of TDL, which has the ability to develop technology that can commercialize all-solid batteries, has provided an opportunity to further strengthen its R&D capabilities in the market. At the same time, the company expects to diversify its product portfolio when full-scale commercialization of all-solid batteries will be possible as well as enhancing its corporate image.

 

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