EcoproBM History, CEO, Future, Stock Price Analysis

Ecopro BM is a company that was materialized from its parent company ecopro in May 2016 to specialize in the anode material business.

1. EcoProBM History

EcoproBM was established on May 1, 2016, by material division of its anode material business from its parent company Ecopro. EcoProBM is leading the high-capacity anode material market not only in Korea but also in the world by developing and mass-producing high-capacity cathode material products first. EcoProBM was listed on the KOSDAQ market on the Korea Exchange in 2019 and has been recognized for its high technology at home and abroad, winning the $500 million export tower in 2020. EcoProBM will continue to lead the high-capacity anode material market and contribute to the development of the electric vehicle industry. Since its establishment in 2016, EcoproBM has grown rapidly and is now the fifth-largest producer of high-capacity anode materials worldwide. Major customers of EcoProBM include Samsung SDI, LG Chem, SK Innovation, BYD, CATL, etc. EcoProBM has a system that directly procures and processes resources such as nickel, cobalt, and manganese, which are raw materials for high-capacity cathode materials. This minimizes the risk of fluctuations in raw material prices and ensures a stable supply of anode materials. EcoproBM is also moving into the manufacturing and sales business of batteries for electric vehicles. EcoproBM formed a joint venture with Chinese electric vehicle maker BYD in 2020 to establish a battery plant for electric vehicles. The plant will start mass production in 2022. EcoProBM will continue to lead the high-capacity anode material market and contribute to the development of the electric vehicle industry. EcoproBM is expected to grow faster with the growth of the electric vehicle industry.

2. CEO of EcoProBM

The current CEO of Ecopro BM is Kim Byung-hoon. Kim Byung-hoon took office on February 24, 2022, and was a certified public accountant. Since 2016, Kim Byung-hoon has served as head of EcoproBM's finance division and CFO, and served as vice president of CEO from 2019 to 2022. Kim Byung-hoon is expected to contribute to the competitive growth of EcoProBM's anode materials business in the global market. Born in 1966, Kim graduated from Yonsei University with a degree in business administration and earned a master's degree in business administration from the University of Michigan in the United States. Kim Byung-hoon joined EcoPro in 2005 after working as a certified public accountant at Samil Accounting Corporation and KPMG. Kim Byung-hoon served as the finance director, CFO, and vice president of CEO at Ecopro, contributing to Ecopro's competitive growth in the global market.

3. EcoProBM Future

EcoProBM has a supply chain of lithium, cobalt, and nickel, which are raw materials for cathode materials, and continues to expand its production capacity. EcoProBM expects demand for anode materials to increase as the electric vehicle market grows, and plans to expand production capacity and target global markets in preparation. EcoproBM plans to expand its anode material production capacity to 710,000 tonnes in 2023. EcoproBM plans to expand its anode material production capacity to 1 million tons by 2025, and to 2 million tons by 2030. EcoproBM plans to respond to the growth of the electric vehicle market by expanding its anode material production capacity. EcoproBM expects demand for anode materials to increase as the electric vehicle market grows. EcoproBM expects the global electric vehicle market to reach 22 million units by 2025. EcoproBM expects demand for anode materials to increase as the electric vehicle market grows, and plans to expand production capacity and target global markets in preparation.

4. Analyzing EcoProBM Stock Price

Shares of Ecopro BM have been on the decline since hitting W296,000 on November 29, 2022. The reason why Ecopro BM shares fell is because of concerns about the growth of the electric vehicle market. This is because if the growth of the electric vehicle market progresses slower than expected, the demand for anode materials of EcoProBM is also expected to decrease. However, EcoproBM is expanding its production capacity in preparation for the growth of the electric vehicle market. EcoproBM plans to expand its anode material production capacity to 710,000 tons in 2023, and to expand its anode material production capacity to 1 million tons by 2025. EcoproBM plans to respond to the growth of the electric vehicle market by expanding its anode material production capacity. Shares of EcoproBM are falling on concerns about growth in the EV market, but EcoproBM is expanding its production capacity in preparation for growth in the EV market. If EcoproBM's anode material production capacity expands, EcoproBM's stock is expected to show an upward.

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