NEO Battery Materials Expands Production for Drone Batteries in South Korea

NEO Battery Materials has acquired a 1.3-hectare site in South Korea to establish production of high-performance drone batteries, targeting an annual capacity of 500 MWh. The company will utilize its silicon anode technology, NBMSiDE®, to produce up to 20 tons per year, significantly enhancing flight times compared to competitors. This strategic move aims to position NEO within the South Korean defense market, potentially opening doors for contracts with the U.S. and NATO.

Published Mar 20, 2026

NEO Battery Materials has acquired a 1.3-hectare site in South Korea to establish commercial production of high-performance batteries for drones and robotics. The planned annual capacity is 500 MWh, initially focusing on pouch cells sourced outside China.

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The company plans to produce up to 20 tons per year of its silicon anode technology, NBMSiDE®, to cater to various drone types. NEO's batteries have shown superior performance, achieving nearly 60 minutes of flight time under cold conditions, compared to 30 minutes for comparable Chinese products.

The strategic focus on the South Korean defense market could facilitate future contracts in the U.S. and NATO. NEO's stock and market capitalization of 100 million CAD reflect growing interest in its technology amidst geopolitical shifts.