Nanoteam Signs MOU with Chinese Company for Collaboration on Thermal Runaway Prevention Materials

Nanoteam, a company specializing in electrification thermal management materials, announced on the 22nd that it has signed a memorandum of understanding (MOU) with a local Chinese company to collaborate on battery thermal runaway prevention materials and fire suppression systems for electric vehicles (EVs), robots, and energy storage systems (ESS) in the Chinese market.

Choi Yoon-sung, CEO of Nanoteam (third from the left), along with Nanoteam and local company representatives, are posing for a commemorative photo of the MOU signing / Photo by Nanoteam

The Chinese partner company, Anhui Xingaole New Material Science & Technology Co., Ltd. (AGW), has an extensive business network within China and is an affiliate of a company supplying the latest cooling devices, such as vapor chambers, to global smartphone clients. It is also connected to major Chinese finished vehicle manufacturers, including Chery Automobile, as well as key ESS and battery companies in China.

Earlier this year, Nanoteam began mass production and supply of thermal runaway prevention pads for electric vehicle models of domestic finished car manufacturers at its newly completed Ulsan plant. The thermal runaway prevention pad, developed in partnership with its technology development partner WOA, has expanded the range of conditions to reach the ‘NP level’, where battery fires are suppressed at the cell unit without spreading to adjacent cells, compared to conventional materials. This collaboration includes not only the thermal runaway prevention pads but also fire suppression systems for responding to battery fires.

Recently, Chinese companies have been expanding their influence both domestically and globally in the EV parts and materials market by leveraging price competitiveness. Nanoteam stated that, under these circumstances, opening the door to exports to China demonstrates that the company’s technology and price competitiveness are being recognized.

Choi Yoon-sung, CEO of Nanoteam, said, “Through this MOU, we have secured a solid bridgehead for entering the world’s largest EV market. We plan to sign specific business cooperation contracts within this year and conduct joint development with our clients to achieve tangible results as early as next year.”

This content was produced with the assistance of AI translation services.