mPLUS is a specialized company in 2nd battery manufacturing equipment, established in 2003, primarily focusing on the development and manufacturing of automated assembly process equipment for pouch and prismatic lithium-ion 2nd batteries. The company possesses the capability to provide turnkey solutions across the entire assembly process, including notching, stacking, tab welding, packaging, and degassing. Furthermore, it is expanding its business into fuel cell assembly equipment, smart factories, robotics, components, and new materials.mPLUSisaspecializedcompanyin2ndbatterymanufacturingequipment,establishedin2003,primarilyfocusingonthedevelopmentandmanufacturingofautomatedassemblyprocessequipmentforpouchandprismaticlithium-ion2ndbatteries.Thecompanypossessesthecapabilitytoprovideturnkeysolutionsacrosstheentireassemblyprocess,includingnotching,stacking,tabwelding,packaging,anddegassing.Furthermore,itisexpandingitsbusinessintofuelcellassemblyequipment,smartfactories,robotics,components,andnewmaterials.
Key Products/TechnologiesKeyProducts/Technologies
Notching System: Equipment that notches electrodes supplied in roll form into a specific shape according to user specifications and discharges them as sheet-type plates. It features automatic electrode replacement and a dual conveyor system to minimize electrode changeover time, boasting world-leading production speeds of 600 sheets per minute (ppm) and precision within 0.2mm.NotchingSystem:Equipmentthatnotcheselectrodessuppliedinrollformintoaspecificshapeaccordingtouserspecificationsanddischargesthemassheet-typeplates.Itfeaturesautomaticelectrodereplacementandadualconveyorsystemtominimizeelectrodechangeovertime,boastingworld-leadingproductionspeedsof600sheetsperminute(ppm)andprecisionwithin0.2mm.
Stacking System: Equipment that stacks sheet-type electrodes and separators discharged from the notching machine in a zig-zag pattern to produce jelly-rolls. It offers industry-leading stacking speeds of 0.35-0.40 seconds or less per stack.StackingSystem:Equipmentthatstackssheet-typeelectrodesandseparatorsdischargedfromthenotchingmachineinazig-zagpatterntoproducejelly-rolls.Itoffersindustry-leadingstackingspeedsof0.35-0.40secondsorlessperstack.
Tab Welding System: A system for welding the tabs of battery cells.TabWeldingSystem:Asystemforweldingthetabsofbatterycells.
Packaging System: A system for packaging assembled battery cells.PackagingSystem:Asystemforpackagingassembledbatterycells.
Degassing System: Equipment that removes internal cell gases using physical methods according to user specifications, seals the cell, and then discharges it. This technology ensures the quality and safety of the final product by removing gases generated during the formation process.DegassingSystem:Equipmentthatremovesinternalcellgasesusingphysicalmethodsaccordingtouserspecifications,sealsthecell,andthendischargesit.Thistechnologyensuresthequalityandsafetyofthefinalproductbyremovinggasesgeneratedduringtheformationprocess.
Leak Inspection System: A system for inspecting battery cells for leaks.LeakInspectionSystem:Asystemforinspectingbatterycellsforleaks.
Cylindrical Type: A product line that addresses demand for all battery form factors, including pouch and prismatic types, through the development of cylindrical 2nd battery assembly equipment.CylindricalType:Aproductlinethataddressesdemandforallbatteryformfactors,includingpouchandprismatictypes,throughthedevelopmentofcylindrical2ndbatteryassemblyequipment.
MEA Laminating System: Equipment that hot-presses films with active materials transferred onto them and electrolyte membranes according to user specifications, then discharges them. It offers equipment specifications ranging from laboratory scale to mass production, with key functions including automatic reel unwinding and rewinding, anode and cathode pattern roll lamination, heated roll lamination, lot marking, and particle suction.MEALaminatingSystem:Equipmentthathot-pressesfilmswithactivematerialstransferredontothemandelectrolytemembranesaccordingtouserspecifications,thendischargesthem.Itoffersequipmentspecificationsrangingfromlaboratoryscaletomassproduction,withkeyfunctionsincludingautomaticreelunwindingandrewinding,anodeandcathodepatternrolllamination,heatedrolllamination,lotmarking,andparticlesuction.
MEA Punching System: Equipment featuring automatic reel unwinding (Roll to Sheet), automatic punching system, vision alignment, automatic EPC system, precise tension control, automatic selection and magazine placement, and automatic stacking with protective sheets.MEAPunchingSystem:Equipmentfeaturingautomaticreelunwinding(RolltoSheet),automaticpunchingsystem,visionalignment,automaticEPCsystem,precisetensioncontrol,automaticselectionandmagazineplacement,andautomaticstackingwithprotectivesheets.
Separator Stacking System: A system for stacking separators.SeparatorStackingSystem:Asystemforstackingseparators.
Fuel Cell Equipment: Possesses technology and experience to provide turnkey solutions for fuel cell assembly processes, from stacking to stack formation and inspection equipment. This includes product lines such as MEA LAMINATING SYSTEM, MEA HOT PRESSING SYSTEM, MEA PUNCHING SYSTEM, and STACK PRESS SYSTEM.FuelCellEquipment:Possessestechnologyandexperiencetoprovideturnkeysolutionsforfuelcellassemblyprocesses,fromstackingtostackformationandinspectionequipment.ThisincludesproductlinessuchasMEALAMINATINGSYSTEM,MEAHOTPRESSINGSYSTEM,MEAPUNCHINGSYSTEM,andSTACKPRESSSYSTEM.
Next-Generation Battery Manufacturing Equipment: Continuously strengthening its product lineup through the development of next-generation battery manufacturing equipment, including solid-state batteries and lithium-metal batteries, to capture future market share. Actively developing technologies such as solid-state PILOT assembly line orders and full process technology acquisition, high-pressure precision pressure control, and multi-stage compression systems for 2024-2025.Next-GenerationBatteryManufacturingEquipment:Continuouslystrengtheningitsproductlineupthroughthedevelopmentofnext-generationbatterymanufacturingequipment,includingsolid-statebatteriesandlithium-metalbatteries,tocapturefuturemarketshare.Activelydevelopingtechnologiessuchassolid-statePILOTassemblylineordersandfullprocesstechnologyacquisition,high-pressureprecisionpressurecontrol,andmulti-stagecompressionsystemsfor2024-2025.
Core AdvantagesCoreAdvantages
Ability to Provide Turnkey Solutions for 2nd Battery Assembly Process: Possesses unique technological capabilities to provide turnkey solutions for the entire 2nd battery assembly process, including notching, stacking, tab welding, packaging, and degassing, from design to manufacturing and supply. This strength enables customers to build entire assembly lines through a single supplier, resolving compatibility issues between equipment and quickly securing stable production lines. This is a particularly attractive value proposition for global battery manufacturers establishing large-scale production facilities, forming the basis for long-term partnerships.AbilitytoProvideTurnkeySolutionsfor2ndBatteryAssemblyProcess:Possessesuniquetechnologicalcapabilitiestoprovideturnkeysolutionsfortheentire2ndbatteryassemblyprocess,includingnotching,stacking,tabwelding,packaging,anddegassing,fromdesigntomanufacturingandsupply.Thisstrengthenablescustomerstobuildentireassemblylinesthroughasinglesupplier,resolvingcompatibilityissuesbetweenequipmentandquicklysecuringstableproductionlines.Thisisaparticularlyattractivevaluepropositionforglobalbatterymanufacturersestablishinglarge-scaleproductionfacilities,formingthebasisforlong-termpartnerships.
High-Speed and High-Precision Automation Technology: Its ultra-high-speed notching equipment produces 600 electrode sheets per minute (ppm), which is twice the industry average and a world-leading speed. The company also maintains precision within 0.2mm dimensional error, ensuring both mass production and quality. Stacking equipment also offers industry-leading stacking speeds of 0.35-0.40 seconds or less per stack. These high-speed and high-precision automation technologies provide a competitive advantage by offering 70% reduction in capital expenditure (CAPEX) and 30% reduction in operational expenditure (OPEX).High-SpeedandHigh-PrecisionAutomationTechnology:Itsultra-high-speednotchingequipmentproduces600electrodesheetsperminute(ppm),whichistwicetheindustryaverageandaworld-leadingspeed.Thecompanyalsomaintainsprecisionwithin0.2mmdimensionalerror,ensuringbothmassproductionandquality.Stackingequipmentalsooffersindustry-leadingstackingspeedsof0.35-0.40secondsorlessperstack.Thesehigh-speedandhigh-precisionautomationtechnologiesprovideacompetitiveadvantagebyoffering70%reductionincapitalexpenditure(CAPEX)and30%reductioninoperationalexpenditure(OPEX).
Capability to Respond to Diverse Battery Types and Next-Generation Technologies: Secures a competitive edge in automated assembly process equipment for pouch-type lithium-ion 2nd batteries and is expanding its lineup to include prismatic-type assembly process equipment, establishing mid-to-long-term growth drivers. Furthermore, it is developing cylindrical battery assembly equipment to meet demand across all form factors and is accelerating the development of next-generation battery manufacturing equipment, such as solid-state and lithium-metal batteries, to strengthen its technological capabilities for future market leadership.CapabilitytoRespondtoDiverseBatteryTypesandNext-GenerationTechnologies:Securesacompetitiveedgeinautomatedassemblyprocessequipmentforpouch-typelithium-ion2ndbatteriesandisexpandingitslineuptoincludeprismatic-typeassemblyprocessequipment,establishingmid-to-long-termgrowthdrivers.Furthermore,itisdevelopingcylindricalbatteryassemblyequipmenttomeetdemandacrossallformfactorsandisacceleratingthedevelopmentofnext-generationbatterymanufacturingequipment,suchassolid-stateandlithium-metalbatteries,tostrengthenitstechnologicalcapabilitiesforfuturemarketleadership.
Global Customer Network and Export-Oriented Business Structure: Secures numerous global customers, including major domestic 2nd battery manufacturers like SK Innovation (SK On) and LG Energy Solution, as well as Chinese companies like EUE, WANXIANG, and Svolt, and 23 global automakers including GM, and overseas venture cell companies. The company operates an export-oriented business structure, with 98.54% of its 2020 revenue and 96.96% of its 2022 revenue generated from exports, expanding its global market position. It has established overseas subsidiaries in the United States, Hungary, and Sweden to provide local product installation and maintenance services, thereby strengthening its global market responsiveness.GlobalCustomerNetworkandExport-OrientedBusinessStructure:Securesnumerousglobalcustomers,includingmajordomestic2ndbatterymanufacturerslikeSKInnovation(SKOn)andLGEnergySolution,aswellasChinesecompanieslikeEUE,WANXIANG,andSvolt,and23globalautomakersincludingGM,andoverseasventurecellcompanies.Thecompanyoperatesanexport-orientedbusinessstructure,with98.54%ofits2020revenueand96.96%ofits2022revenuegeneratedfromexports,expandingitsglobalmarketposition.IthasestablishedoverseassubsidiariesintheUnitedStates,Hungary,andSwedentoprovidelocalproductinstallationandmaintenanceservices,therebystrengtheningitsglobalmarketresponsiveness.
Technology Protection and Innovation Based on Intellectual Property (IP): Holds over 140 self-owned patents and generates stable revenue based on numerous R&D achievements, patents, and design rights. Notably, the company secured a final victory in a Supreme Court patent lawsuit related to notching equipment, thereby legally validating its core technology and demonstrating a proactive stance in IP protection, including warnings against technology infringement.TechnologyProtectionandInnovationBasedonIntellectualProperty(IP):Holdsover140self-ownedpatentsandgeneratesstablerevenuebasedonnumerousR&Dachievements,patents,anddesignrights.Notably,thecompanysecuredafinalvictoryinaSupremeCourtpatentlawsuitrelatedtonotchingequipment,therebylegallyvalidatingitscoretechnologyanddemonstratingaproactivestanceinIPprotection,includingwarningsagainsttechnologyinfringement.
ESG Management Initiatives: Actively pursuing ESG management with the goal of becoming the top ESG company in the 2nd battery equipment manufacturing sector by 2027. The company is implementing various policies to promote sustainable growth, including board-centric responsible management, discussion and decision-making on key ESG issues through an ESG committee, transparent and fair disclosure, and enhanced communication with shareholders.ESGManagementInitiatives:ActivelypursuingESGmanagementwiththegoalofbecomingthetopESGcompanyinthe2ndbatteryequipmentmanufacturingsectorby2027.Thecompanyisimplementingvariouspoliciestopromotesustainablegrowth,includingboard-centricresponsiblemanagement,discussionanddecision-makingonkeyESGissuesthroughanESGcommittee,transparentandfairdisclosure,andenhancedcommunicationwithshareholders.
Target IndustrieTargetIndustrie
2nd Battery Manufacturing Industry (Electric Vehicles, Energy Storage Systems, Smart Homes, Robotics, etc.)2ndBatteryManufacturingIndustry(ElectricVehicles,EnergyStorageSystems,SmartHomes,Robotics,etc.)
China, South Korea (Domestic)China,SouthKorea(Domestic)
Hungary, Sweden, European Venture Cell CompaniesHungary,Sweden,EuropeanVentureCellCompanies
USAUSA
Certifications/PatentsCertifications/Patents
Accreditation of Corporate Research Institute (January 2009)AccreditationofCorporateResearchInstitute(January2009)
Inno-Biz and Venture Company Certification (June 2009)Inno-BizandVentureCompanyCertification(June2009)
Selected as one of the '100 Strong Small and Medium Enterprises in Materials, Parts, and Equipment' (Ministry of SMEs and Startups, October 2020)Selectedasoneofthe'100StrongSmallandMediumEnterprisesinMaterials,Parts,andEquipment'(MinistryofSMEsandStartups,October2020)
Selected as KOSDAQ Rising Star for 3 consecutive years (Korea Exchange, August 2022)SelectedasKOSDAQRisingStarfor3consecutiveyears(KoreaExchange,August2022)
Awarded Presidential Commendation at the 47th Trade Day and 'Tower of 10 Million Dollar Exports' (November 2010)AwardedPresidentialCommendationatthe47thTradeDayand'Towerof10MillionDollarExports'(November2010)
Awarded 'Tower of 200 Million Dollar Exports' at the 47th Trade Day (December 2023)Awarded'Towerof200MillionDollarExports'atthe47thTradeDay(December2023)
Possession of over 140 intellectual property rights (patents, design rights, etc.)Possessionofover140intellectualpropertyrights(patents,designrights,etc.)
Final Supreme Court victory in a patent lawsuit regarding the inventiveness of 'Electrode Stacking Device for Secondary Batteries' (December 2025)FinalSupremeCourtvictoryinapatentlawsuitregardingtheinventivenessof'ElectrodeStackingDeviceforSecondaryBatteries'(December2025)
Partial victory in an appellate court ruling for patent infringement injunction and damages claim regarding 'Ultra-high-speed Notching Process Technology for Secondary Batteries' (February 2026)Partialvictoryinanappellatecourtrulingforpatentinfringementinjunctionanddamagesclaimregarding'Ultra-high-speedNotchingProcessTechnologyforSecondaryBatteries'(February2026)
Patent registration completed: Cutting system and related technologies (e.g., 10-27599..)Patentregistrationcompleted:Cuttingsystemandrelatedtechnologies(e.g.,10-27599..)