by Lee Seonae
Published 06 Sep.2022 09:13(KST)
[Asia Economy Reporter Lee Seon-ae] Samyoung S&C continues its sharp rise for the second consecutive day following the previous day's limit-up close. On the 6th, the opening price soared from 9,950 won to 10,250 won in the early session. As of 9:10 AM, it is trading at 9,620 won, up 9.07% from the previous trading day. The buying momentum is interpreted to be driven by the news that the company was selected as the executing institution for a national project related to the development of automotive battery pack components.
On the previous day, it closed at 8,820 won, up to the price limit of 29.90%. Samyoung S&C announced on the 2nd that it was selected as the lead institution for the Ministry of Trade, Industry and Energy's national project "Development of Core Component Technology Based on Sc-AIN Materials" and signed an agreement.
The company is the lead institution for the overall research and development project and simultaneously carries out the detailed task of "Development of an Ultrasonic Sensor-Based Internal State Detection Module for Automotive Battery Packs." The total R&D budget is 3.54 billion won, of which 3.38 billion won is allocated for the battery pack state detection module development project. The project period extends until the end of 2026.
Samyoung S&C stated, "Based on the technology secured through this development, we plan to develop an intelligent environmental monitoring sensor system capable of monitoring living environments and secure environmental monitoring products necessary for smart cities."
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