[Featured Stock] Samsung SDI Rises 8% on News of Lee Jae-yong and Chung Eui-sun Discussing Electric Vehicle Battery Technology
[Asia Economy Reporter Oh Ju-yeon] Samsung SDI surged 10% intraday on the 13th. This was interpreted as a reaction to the news that Samsung Group Vice Chairman Lee Jae-yong and Hyundai Motor Group Executive Vice Chairman Chung Eui-sun met at Samsung SDI's Cheonan plant on the same day to discuss the development status and direction of the next-generation electric vehicle battery, the 'all-solid-state battery.'
As of 3:11 PM that day, Samsung SDI was trading at 307,000 KRW, up 8.10% from the previous trading day. Intraday, it surged as much as 10.39% to 313,500 KRW.
The Samsung SDI Cheonan plant, where the two group leaders held their meeting, is a factory specializing in the production of small batteries and automotive batteries. This meeting raised expectations for the future electric vehicle business.
With growing expectations for the development of the electric vehicle industry that day, not only Samsung SDI but also secondary battery-related stocks rose simultaneously.
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EcoPro BM soared as much as 22.80% intraday and recorded a 14.01% increase as of 3:19 PM, while Iljin Materials, Cheonbo, and POSCO Chemical also showed strong performance.
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