Korean Battery-Parts Maker Eyeing IPO Expects 30% Margins by 2025

W-Scope Chungju Plant Co., the South Korean battery-parts maker seeking to raise as much as 1 trillion won ($765 million) in an initial public offering, sees operating margins north of 30% by 2025 on robust demand for electric cars, Chief Executive Officer Won-Kun Choi said.

The company also expects revenue will increase around 40% to about $200 million this year, Choi said in an interview from the company’s headquarters in Chungju earlier this week. Chungju, a city known for its annual martial arts festival, is where W-Scope also has one of its manufacturing facilities.