[Feature] SeAH Mechanics Supplies North American Electric Vehicle Battery Parts to LG Energy Solution... Increasing New Contracts
Seamechanics' stock price is on the rise.
As of 10:15 AM on the 19th, Seamechanics is trading at 7,040 KRW, up 8.64% from the previous day.
Seamechanics, a specialist in aluminum die casting, recently signed a supply contract with LG Energy Solution worth approximately 66.9 billion KRW for battery module covers for electric vehicles destined for North America. The contract amount represents 76.3% of the previous year's sales. The contract period is from 2023 until December 2030.
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Seamechanics is an aluminum die casting company focusing on eco-friendly automotive parts for electric and hydrogen vehicles, as well as TV drive mechanism products. Last year, it signed seven new supply contracts, with a total contract value of 280.3 billion KRW.
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