[Special Stock] "Deokyang Industry Rises on Report of Establishing US Battery Module Factory"

[Asia Economy Reporter Ji Yeon-jin] On the 21st, Deokyang Industry is showing strong performance following media reports that it will establish a battery module factory in the United States.

As of 9:56 AM on the same day, Deokyang Industry is trading at 3,645 KRW on the KOSPI market, up 9.12% compared to the previous trading day.

The stock price surged after reports emerged that the company will invest a total of 10 million USD (approximately 11.3 billion KRW) to establish a battery module factory in Braselton, Jackson County, Georgia, USA. The battery modules produced here are expected to be supplied to the local factory of its partner, SK Battery America (SKBA).