[Featured Stock] Hansong Neotek Rises on US SES 'Next-Generation Battery' Development News... "Shinhwa IT Highlighted"

[Asia Economy Reporter Yoo Hyun-seok] Hansong Neotek is showing strong performance. It appears that the news of SES, a US battery company invested in by Hyundai Motor, SK, and General Motors (GM), developing next-generation batteries that enhance driving performance and improve safety has influenced the stock price.

As of 9:56 AM on the 29th, Hansong Neotek was trading at 1,865 KRW, up 26.01% (385 KRW) compared to the previous trading day.

According to a media outlet on the same day, SES announced that it will hold an online event called ‘Battery World’ in the US on the 3rd of next month, where it will unveil a hybrid lithium-metal battery. While the energy density of conventional lithium-ion batteries is 250?300 Wh/kg, the hybrid lithium-metal battery reaches 417 Wh/kg (935 Wh/L), resulting in approximately a 30% increase in driving range.

The charging performance is also remarkable, allowing fast charging from 10% to 90% in just 12 minutes. After 800 cycles of charging and discharging, and 550 cycles respectively, the battery performance remains at 80% and 90% respectively.

Hansong Neotek acquired ‘Shinhwa IT,’ a secondary battery material specialist company, in August. The secondary battery material ‘lead tab’ that Shinhwa IT mainly produces is an electrode terminal that connects the cathode and anode to allow external electricity input and output. Lead tabs are known as essential materials commonly used in next-generation secondary batteries such as lithium-sulfur, lithium-metal, and all-solid-state batteries.