[Featured Stock] Hanatech Rises on Expectations of Benefits from LG-SK Battery Dispute Settlement
[Asia Economy Reporter Jang Hyowon] Hana Technology, which has secured both SK Innovation and LG Energy Solution as clients, is showing strong performance following news that the two companies have reached a settlement in their secondary battery dispute.
As of 11:45 AM on the 12th, Hana Technology is trading at 74,700 KRW, up 19.14% compared to the previous trading day.
On the previous day, LG Energy Solution and SK Innovation reached a sudden agreement to end their electric vehicle battery trade secret infringement dispute for 2 trillion KRW. Hana Technology, which counts both companies as clients, is expected to benefit from stable product supply.
Hana Technology is the only company in Korea that holds an equipment portfolio covering the entire secondary battery manufacturing process. It manufactures and supplies equipment necessary for the front and back processes of cylindrical, prismatic, and pouch-type secondary batteries, and can provide turnkey solutions for the entire process equipment.
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Hana Technology has secured major domestic secondary battery companies such as LG Energy Solution, SK Innovation, and Samsung SDI as clients. Overseas clients include Sony, Murata, BYD, and Volkswagen.
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