Cylindrical Battery World Leader
We thank our valued customers for their unwavering support, trust, and loyalty over the past 70 years.
Kumyang is committed to becoming a leader in innovation and change as we pioneer the future.
Founded in 1955, Kumyang has grown into a leading company in Busan, shaping the future of the environmentally friendly materials industry. Today, with the spirit of a "second founding," Kumyang stands at the vanguard of South Korea's K-battery industry and is developing into a global leader in eco-friendly battery solutions.
Aspiring to become the world's leading cylindrical battery company, Kumyang is an innovative force driving the Korean secondary battery industry.
As we celebrate our 70th anniversary, we continue to look ahead and pioneer the path forward. We are preparing for the day when Kumyang will contribute to national competitiveness and become a symbol of pride for Korea and Busan. Our vision is to lead the future as a frontrunner, moving from a position of pursuit to overtaking the global market.
The petrochemical energy era is drawing to a close in response to the climate crisis and the international community's strong environmental regulations. The environmentally friendly secondary battery industry is emerging as a critical alternative energy sector.
Confident in this inevitable shift, Kumyang has boldly entered the secondary battery market, leveraging its expertise and know-how from decades of experience in the eco-friendly materials business. We are ready to lead in the field of cutting-edge materials for the future.
We are committed to addressing climate change by supporting our corporate values of environmental protection and contributing to society, fulfilling our responsibilities for our nation's and community's shared prosperity.
In 2022, Kumyang successfully produced the 21700 battery, developed in-house through the dedication of our outstanding research team and professional battery industry engineers. The prestigious SGS certification, a testament to our leadership in battery technology, further validated this remarkable technology.
Additionally, following the acquisition of international battery safety certifications, including United Nations Transport of Dangerous Goods tests and standards (UN 38.4) and U.S. lithium battery safety standards (UL 1642), Kumyang became the first in the country to successfully develop the 4695 cylindrical battery, known as the "dream secondary battery."
In June 2024, we achieved a significant milestone by successfully demonstrating an all-wheel drive vehicle powered by the 4695 battery, showcasing Kumyang's innovative technology.
In line with our enterprising growth strategy, we are investing over 700 million dollars in constructing Dream Factory 2, a cylindrical battery plant in Gijang, Busan, with a production capacity of 300 million cells. The facility is scheduled for completion by the end of 2024, and mass production of the 21700 and 4695 batteries will begin in 2025.
Kumyang remains dedicated to its pursuit of growth through innovation and change. Our vision is to become one of the top three global battery companies.
Kumyang will continue to drive growth through change and innovation until we build our vision of becoming one of the top three global battery companies equipped with the growth engine of energy powerhouse Korea.
Kumyang will continue to strive to be a source of pride for Busan and the nation. Our commitment to environmental sustainability and social responsibility drives us forward as we aim for the shared prosperity of our community and the country. We sincerely appreciate your ongoing support and look forward to continuing our journey to becoming a global company that surpasses expectations and gives back to the community.
Kumyang Co., Ltd. CEO 