[Featured Stock] Sejong Industrial, Key Supplier of Hyundai Hydrogen Vehicles... Nikola's Love Call Boosts Hydrogen Vehicle Value Chain 'UP'

[Asia Economy Reporter Hyunseok Yoo] Sejong Industrial's stock price is on the rise. The expectation that Hyundai Motor Company and hydrogen truck manufacturer Nikola could collaborate appears to have influenced the stock price. Sejong Industrial has secured an order from Hyundai Motor for metal separator plates used in hydrogen fuel cell vehicle stacks.

As of 2:02 PM on the 10th, Sejong Industrial was trading at 6,840 KRW, up 7.38% (470 KRW) compared to the previous trading day. On the same day, Hyundai Motor's stock price also rose by about 13%.

Trevor Milton, founder and CEO of the U.S. hydrogen truck startup 'Nikola,' recently stated in an interview with Chosun Ilbo, "I want to partner with Hyundai Motor." He said, "I proposed cooperation to Hyundai Motor twice, but both times were rejected," yet he publicly reiterated his willingness to collaborate by adding, "If we work with Hyundai Motor, building a company valued at over 100 billion dollars would not be difficult."

The fact that Nikola has acknowledged the potential of Hyundai Motor has increased expectations for Hyundai's hydrogen vehicle industry. Sejong Industrial is one of Hyundai Motor's key partners. It has secured an order from Hyundai Motor for metal separator plates used in hydrogen fuel cell vehicle stacks. Through its subsidiary Sejong EV, it plans to begin full-scale production and supply by the end of this year. This is in response to Hyundai Mobis's plan to produce about 40,000 hydrogen fuel cell vehicle stacks annually by 2022.

Sejong Industrial possesses technological expertise in eco-friendly automotive parts with exclusive technology for hydrogen sensors and pressure sensors, which are core components of hydrogen vehicles.