# Nanoteam invests KRW 19B in thermal runaway pad production facility

Nanoteam is investing 19 billion KRW by 2024 in new facilities to produce thermal runaway prevention pads, to fulfill orders from Hyundai Motor and Kia.

- Type: Investment
- Announced: 2023-11-27
- Where: South Korea
- Value: $14.6M (19.0B KRW)
- Starts operating: 2024
- Status: announced
- Products: thermal runaway prevention pads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## 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.