[Click eStock] "Y2Solution, Growth Engine with Electric Vehicle Fast Chargers"

Sangsangin Securities analyzed on the 22nd that Y2Solution has secured a new growth engine by entering the electric vehicle fast charger market based on its power module technology. No investment opinion or target price was provided.

Y2Solution is a manufacturer of power supply units (PSU) for displays. PSU uses power semiconductor devices as switches to optimize DC, AC, and voltage.

Researcher Junho Lee of Sangsangin Securities explained, "The key points expected this year are diversification of the customer portfolio within the core business and entry into EVC-PSU," adding, "The current PSU production volume is supplied to LG Electronics." He further stated, "We are discussing business expansion with a comprehensive home appliance company and a small pump press company in Indonesia."

EVC-PSU is a PSU applied to electric vehicle fast chargers. The researcher said, "Although the Euro 7 agreement has been delayed, temporarily extending the lifespan of internal combustion engines, the ultimate direction will be toward battery electric vehicles (BEV)," and "The biggest reason for the slow development of the BEV market is the charging issue."

He also analyzed, "Assuming charging 200 km based on 100 kW takes about 25 minutes," and "Charging the same distance based on 400 kW takes 6 minutes and 30 seconds."

He predicted, "If PSU is applied to fast chargers and the number of PSUs per unit increases proportionally with the rising share of fast chargers, it will become a new growth engine for Y2Solution." He added, "For a 100 kW charger, the company’s 30 kW PSU is applied four times," and "For a 400 kW charger, 14 units are used."