CIS

CIS, a secondary battery equipment company, signed an investment agreement with Daegu City to invest KRW 37 billion in a new plant in Technopolis, Dalseong-gun, Daegu. The plant will produce electrode process equipment such as coaters, calenders, and slitters, and is expected to begin operations in the second half of 2025, creating about 50 jobs.

Local battery material producer CIS is supplying manufacturing equipment for the electrode process to Rivian.

CIS (C.I.S.) announced a KRW 7.17 billion contract to supply secondary battery electrode process manufacturing equipment to a Chinese customer. The contract ends on December 31, 2019.