[Featured Stock] DA Technology Rises Over 10% on Expectations of Electric Vehicle Market Benefits

[Asia Economy Reporter Eunmo Koo] DA Technology is showing a strong gain in the 10% range. This is interpreted as a positive outlook on the electric vehicle market leading to the upward trend.

As of 9:55 AM on the 9th, DA Technology is trading at 1,055 KRW, up 11.05% (105 KRW) from the previous trading day. This marks five consecutive days of gains.

It appears that the recent positive outlook on the global electric vehicle market is having an impact. Tesla recorded sales of 88,400 units in the first quarter alone, surpassing the previous estimate of 79,900 units. While the domestic secondary battery industry is also benefiting, DA Technology, a secondary battery equipment manufacturer, is maintaining its upward momentum.

DA Technology possesses production automation equipment technologies for secondary batteries such as notching, folding, and stacking. The company has expanded not only to major domestic secondary battery corporations but also to the rapidly growing Chinese electric vehicle market.