Shares of DAEJIN ADVANCED MATERIALS, a corporation that specializes in materials for secondary battery processes, are up more than 10% early in the session on the 18th. The increase is attributed to being selected as a supplier of trays for shipping cylindrical batteries by a global battery manufacturer.
As of 9:57 a.m. on the 18th, DAEJIN ADVANCED MATERIALS shares are trading at 14,560 won, up 1,710 won (13.31%) from the previous trading day on the KOSPI market. During the session, they reached a trading price of 15,060 won, nearly increasing by 18%.
On the same day, DAEJIN ADVANCED MATERIALS announced that it was ultimately selected as a supplier of trays for shipping cylindrical 46 series batteries by global battery manufacturer Company L. This move is expected to strengthen cooperation with Company L and secure supply to leading electric vehicle company T, according to company officials.
Yuseong Jun, CEO of DAEJIN ADVANCED MATERIALS, noted, "This selection as a supplier is a result of our company's polymer material technology and corrosion protection solutions being officially recognized in the global electric vehicle market," adding that, "In the trend of expanding production of next-generation cylindrical batteries, our technology-based tray supply will serve as a new key point."