by Lee Seonae
Published 14 Apr.2023 09:44(KST)
ENPLUS stock is showing strong performance on the 14th. The buying momentum is interpreted as a response to the news that the company will begin full-scale supply of its self-developed electrode products.
As of 9:42 AM, ENPLUS is trading at 13,770 KRW, up 8.34% from the previous trading day. Early in the session, the price surged to as high as 14,750 KRW.
On this day, ENPLUS announced that it recently obtained initial mass production quality approval for electrode products from the secondary battery specialist company ‘Greenergy’ and has started the first delivery. ENPLUS signed a supply contract worth 20 billion KRW with Greenergy in May last year and provided test samples for mass production approval in January this year. After an evaluation period of about three months until last month, the company received the results and began full-scale delivery.
According to test results, secondary batteries using ENPLUS’s electrodes showed a charging efficiency of 99.8% at 1C (1-hour charge) during charge-discharge tests. The charging efficiency at 5C was recorded at 94.5%. In contrast, the company explained that competitor products recorded a charging efficiency of 95.3% at 1C and showed a sharp decrease to 87.5% at 5C.
An ENPLUS representative said, “Following the start of supply of heat dissipation materials last month, we have now been recognized for the excellent performance of our electrode products and have begun deliveries. Since continuous supply of both products is expected, this year will be the first year of our full-fledged leap as a specialized secondary battery company with the recognition of secondary battery-related sales.” He added, “Regarding electrode products, we are currently carrying out additional expansion work to ensure smooth product supply to domestic and international customers. The press equipment for high-capacity electrode supply for high binder use has already been delivered, and the expansion will be completed by September.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.