Originally posted by Propunter2
Is there another aspect to the off-take/finance deal with Woojin??
Noting
a) Ferro-vanadium induction furnace technology sharing agreement
b) Woojin website listed on Bloomberg & their own entry on E21 as
www.wjic.co.kr
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=30517170
https://wjic.en.ec21.com/company_info.jsp
c) That website shows Woojin industrial make all sorts of high tech electronics products
http://www.wjis.co.kr/eng/page/0105_1.php
d) this includes Development of Zn-Br Redox flow battery
e) have a look at this
http://www.wjis.co.kr/eng/page/0401.php
Is there more to this deal than meets the eye?
sure is PP2. WOOJIN have their own piece of IP. Relates to a ferro vanadium plant and purportedly can bolt on to the TIVAN plant and can be an additional product in the suit. There is akso a link to Hayundai who will i creadingly require rigid light wieght alloys for their EV fleet. Then to complete the circle SMS recently contracted to Hyundai to build a steel mill, as i recall. Ill check the detail later tonight.
South Korea and the refered companies have been signed up or in the mix with TNG since 2014. They could pop up big time in the finance mix. A solid reliable supply line of V products would make them very happy.
The thing about EV cars is they have the ability to test the image we conjure up when we think cars. With EV the manufactures can have hub engines, no big as motor under the bonnet, no drive train or gear box and a bit of design genius can incorporated the batteries in a frame structure. Im already designing mine, spa pool in the rear seat area heated from the breaking friction, auto pilot in the cockpit with refreshments and possibly a little giro copter set up to jump any grid lock event and/or land me on my roof car park were solar panels immediately recharge the batteries and wash the windscreen. The gyro will then double up as a wind turbine and provides heat through ducting to the apartment.
I digress. You are right watch the SK space. Its ever preasent.
