Nanofilm to benefit from increased interest in electric vehicles

NANOFILM Technologies is working towards anchoring its presence in the electric vehicle space through its surface solutions for fuel cells.

With the increasing adoption of electric vehicles, there is a demand for high-performing and durable fuel cells, said Nanofilm's chief financial officer Kay Lim at the firm's financial results briefing on Monday.

The firm had on Friday announced a 61.1 per cent rise in net profit to S$57.6 million for the year ended Dec 31, 2020, in its first financial report since listing on the Singapore Exchange mainboard in October 2020.