[Click eStock] “KIB Plug Energy, Expected Expansion of Hydrogen Fuel Cell Business and Entry into Eco-friendly Vehicle Market”

Independent research firm ValueFinder analyzed on the 16th that KIB Plug Energy's expansion of hydrogen fuel cell power generation facilities and entry into the commercial electric vehicle and hydrogen vehicle markets are key investment points.

KIB Plug Energy is a company established in 1981 and listed on the KOSPI market in 1989. It specializes in manufacturing chemical engineering equipment such as heat exchangers and pressure vessels for the petrochemical industry.

ValueFinder explained, "The company plans to operate a power generation business through the operation of hydrogen fuel cell power generation facilities," adding, "The fuel cell production facilities are being promoted as five sites with a capacity of 20MW each by 2025, with plans to expand to 100MW."

It continued, "Each site is expected to generate sales of KRW 35 billion, operating profit of KRW 7.3 billion, and net profit of KRW 2 billion," and analyzed, "If expanded to 100MW, sales are projected at KRW 175 billion, operating profit at KRW 36.5 billion, and net profit at KRW 10 billion."

The company announced in August that it will also enter the commercial bus electric vehicle and hydrogen vehicle market through the acquisition of shares in Beomhan Motors.

ValueFinder added, "In addition to electric buses, the company plans to develop hydrogen buses, garbage trucks, street sweepers, and 5-seater electric pickup trucks, expecting an improvement in product mix," and "Based on profitability in its core business, it is actively pursuing new businesses."

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