# Nanoteam wins KRW 500B exclusive supply deal with Hyundai Motor and Kia

Nanoteam secured an exclusive contract worth approximately 500 billion KRW to supply thermal runaway prevention materials to Hyundai Motor and Kia via Hyundai Mobis. The materials are used in electric vehicle battery thermal management.

- Type: Contract
- Announced: 2023-11-27
- Where: South Korea
- Value: $385.0M (500.0B KRW)
- Status: announced
- Products: thermal runaway prevention materials, gap pads, gap fillers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.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) (partner)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/2305580), 2023-11-27: "나노팀은 2024년까지 열폭주차단패드 생산 신규 시설에 190억 원의 대규모 투자도 진행 중이다."

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