LS Materials

LS Materials' subsidiary HAIMK held a groundbreaking ceremony for a factory at Gumi National Industrial Complex in Gyeongbuk, South Korea, to mass-produce aluminum battery case parts for 300,000 EVs starting Q1 2025. The investment is approximately KRW 75 billion.

LS Materials and Austria's HAI will invest a total of 67.5 billion won in their joint venture HAIMK, with LS Materials contributing 45 billion won and HAI 22.5 billion won. HAIMK will build a plant in Gumi, South Korea, to produce aluminum parts for electric vehicles, starting mass production in 2025.