[Special Stock] "Deokyang Industry Rises on Report of Establishing US Battery Module Factory"
[Asia Economy Reporter Ji Yeon-jin] On the 21st, Deokyang Industry is showing strong performance following media reports that it will establish a battery module factory in the United States.
As of 9:56 AM on the same day, Deokyang Industry is trading at 3,645 KRW on the KOSPI market, up 9.12% compared to the previous trading day.
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The stock price surged after reports emerged that the company will invest a total of 10 million USD (approximately 11.3 billion KRW) to establish a battery module factory in Braselton, Jackson County, Georgia, USA. The battery modules produced here are expected to be supplied to the local factory of its partner, SK Battery America (SKBA).
This content was produced with the assistance of AI translation services.
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