# Nanoteam wins 506.3 billion won order for thermal runaway prevention materials

Nanoteam has received its first project order from Hyundai Mobis for thermal runaway prevention materials, valued at 506.3 billion won. The materials will be exclusively supplied to Hyundai and Kia starting in 2025.

- Type: Contract
- Announced: 2023-07-10
- Where: Ulsan, South Korea
- Value: $390.0M (506.3B KRW)
- Status: announced
- Products: thermal runaway prevention materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Nanoteam](https://endata.com/companies/71333.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)
- [Kia](https://endata.com/companies/10600.md) (customer)
- [Hyundai Mobis](https://endata.com/companies/10831.md) (customer)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10780814), 2023-07-10: "Nanoteam's products will be exclusively supplied to Hyundai and Kia through Hyundai Mobis starting in 2025."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.