JR Energy Solution to Expand Battery Production Capacity to 5.5GWh with Series B Funding.

JR Energy Solution plans to expand its battery production capacity to 5.5GWh/year by 2028, with a new contract production line and three factories. The company aims for a revenue of 250 billion won in 2028 and plans to go public. JR Energy Solution is currently raising 30 billion won in Series B funding to support its expansion. The company believes it needs its own profits to operate its factories and sees favorable market conditions, including a demand for new battery types and an aversion to Chinese cell makers.

June 17, 2025

South Korean battery manufacturer JR Energy Solution has announced ambitious plans for expansion, aiming to increase its battery production capacity to 5.5 GWh/year by 2028. The company plans to achieve this by setting up a new contract production line and three factories, with the goal of generating a revenue of 250 billion won in 2028. Additionally, JR Energy Solution intends to go public, indicating a significant growth trajectory for the company.

To support these expansion plans, JR Energy Solution is currently raising 30 billion won in Series B funding. The company believes that its own profits are crucial for operating its factories and sees favorable market conditions, including a growing demand for new battery types and a preference for non-Chinese cell makers. The company's strategy aligns with the broader trend of increasing investment in the EV battery sector, as seen in the Inflation Reduction Act's provisions [1].

The company's plans come at a time when the global demand for electric vehicles (EVs) is surging, driven by government incentives and environmental concerns. According to a recent report by the BlueGreen Alliance, Republican attacks on EVs could cost the US 2 million jobs, highlighting the importance of continued investment in the sector [2].

JR Energy Solution's expansion plans are part of a broader trend in the EV battery industry. For instance, Ford has closed a $9.63 billion loan from the Department of Energy to supercharge three EV battery factories, while other companies like KORE Power have scrapped plans for a $1 billion lithium-ion battery factory in Arizona [3].

In conclusion, JR Energy Solution's plans to expand its battery production capacity and go public reflect the growing demand for EV batteries and the company's strategic positioning in the market. The company's focus on new battery types and its preference for non-Chinese cell makers are also notable trends in the industry.

References:

[1] Jameson Dow. "Report shows how republican attacks on EVs will cost US 2 million jobs." Electrek. June 15, 2025. [https://electrek.co/guides/battery-manufacturing/](https://electrek.co/guides/battery-manufacturing/)

[2] Michelle Lewis. "Killing IRA EV tax credits will ruin US EV and battery industries – Princeton study." Electrek. March 13, 2025. [https://electrek.co/guides/battery-manufacturing/](https://electrek.co/guides/battery-manufacturing/)

[3] Michelle Lewis. "Ford closes a $9.63 billion DOE loan to supercharge 3 EV battery factories." Electrek. December 19, 2024. [https://electrek.co/guides/battery-manufacturing/](https://electrek.co/guides/battery-manufacturing/)