[Featured Stock] Sewon Rises on News of Government's World-First 'Hydrogen Act' Enactment... Hyundai Motor Nexo Parts Highlighted

[Asia Economy Reporter Yoo Hyun-seok] Sewon is showing strong performance. It appears to be influenced by the news of the passage of the 'Hydrogen Act' in the National Assembly plenary session, which supports the government's 'Hydrogen Economy Activation Roadmap.' Sewon supplies all the header condensers for Hyundai Motor's hydrogen electric vehicle NEXO.

As of 10:45 AM on the 10th, Sewon's stock price was 2,995 KRW, up 3.63% (105 KRW) compared to the previous trading day.

The day before, the Ministry of Trade, Industry and Energy announced that the 'Act on the Promotion of Hydrogen Economy and Hydrogen Safety Management (Hydrogen Act)' was passed in the National Assembly plenary session. This is a consolidated bill integrating eight laws related to hydrogen economy and safety proposed by lawmakers from both ruling and opposition parties. With this, Korea became the first country to enact a Hydrogen Act.

Sewon has supplied header condensers, essential components for hydrogen electric vehicles, to Hyundai Motor's LMFC model (the predecessor to the NEXO) since 2013. Since 2018, it has increased its share by supplying all header condenser volumes for the NEXO model. Last year, it acquired its subsidiary Trinotechnology and began full-scale operations in the power semiconductor business, a core component of electric and hydrogen vehicles. In hydrogen electric vehicles, where battery thermal management is crucial, the header condenser is a product that cools the high-temperature, high-pressure air conditioner refrigerant and converts it into a liquid state refrigerant.

This content was produced with the assistance of AI translation services.