# Nanoteam breaks ground on EV battery safety parts plant in Ulsan

Nanoteam held a groundbreaking ceremony for a new factory in Ulsan, South Korea, to produce thermal runaway blocking pads for electric vehicle batteries. The company will invest 23.2 billion won in the plant, which will have an annual capacity of 12,000 tons and is scheduled for completion in September 2024.

- Type: New facility
- Announced: 2023-09-07
- Where: Mobile Tech Valley Industrial Complex, Buk-gu, Ulsan, South Korea
- Value: $17.5M (23.2B KRW)
- Starts operating: Sep 2024
- Status: under construction
- Capacity: 12,000 tons per year
- Products: thermal runaway blocking pads for EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nanoteam](https://endata.com/companies/71333.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20230907072200057), 2023-09-07: "나노팀은 총 232억원을 투자해 연간 1만 2천t 생산 규모 공장을 이달 착공해 내년 9월에 준공한다는 계획이다."

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