[Featured Stock] Daejin Advanced Materials Rises Over 14% on News of Supply to Global Battery Manufacturers
Daijin Advanced Materials, a company specializing in materials for secondary battery processes, is showing strong performance on the 18th. It is interpreted that buying demand surged following the news that it was selected as a supplier for a global battery manufacturer.
On the morning of the day, Daijin Advanced Materials' stock price recorded 14,670 KRW, up 14.16% compared to the previous trading day. It started trading at 14,060 KRW and soared to as high as 15,060 KRW during the session.
On the same day, Daijin Advanced Materials announced that it had been selected as a supplier of trays for cylindrical 46-series battery shipments by global battery manufacturer L Company. Based on this, linked orders in the North American electric vehicle market are expected.
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Yoo Sung-jun, CEO of Daijin Advanced Materials, said, "This supplier selection is the result of our company's polymer material technology and anti-corrosion solutions being officially recognized in the global electric vehicle market," adding, "In the trend of expanding mass production of next-generation cylindrical batteries, our technology-based tray supply will act as a new key point."
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