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Oct 01, 2023

Porsche Taycan EV Battery Parts Maker Daejoo Sees Growing Silicon Anode Market

A South Korean battery parts maker for Porsche’s Taycan sports car is targeting a 100-fold increase in revenue from silicon anodes by the end of this decade, betting automakers will keep pursuing

A South Korean battery parts maker for Porsche’s Taycan sports car is targeting a 100-fold increase in revenue from silicon anodes by the end of this decade, betting automakers will keep pursuing better performance for electric vehicles.

Daejoo Electronic Materials Co. anticipates revenue from its silicon anodes used in EV batteries will rise to 3 trillion won ($2.3 billion) by 2030, up from 26.6 billion won in 2022, according to Chief Executive Officer Il-ji Lim. The company predicts the silicon components will account for at least 90% of its total revenue in the same period, up from 15% last year.