[Featured Stock] Newintec, Capacitors Standard in All Hyundai Electric Vehicles... US and German EVs 'Love Call'

[Asia Economy Reporter Hyungsoo Park] Newintec is showing strong performance. The news that it supplies capacitors (storage batteries) for 800V charging systems to the United States and Germany seems to be influencing its stock price.

At 9:24 AM on the 12th, Newintec was trading at 4,285 KRW, up 14.73% from the previous day.

Jang Ki-soo, CEO of Newintec, said in an interview with an economic media outlet, "As the Ioniq 5 and EV6 gain global recognition, interest in Korean capacitors is also increasing," adding, "We are conducting several projects not only with automakers but also with the world's second-largest comprehensive auto parts company."

The 800V charging system offers faster charging times and longer driving ranges compared to the existing 400V system, establishing itself as the next-generation standard for electric vehicles. Newintec is known to be the only company in Korea capable of mass-producing capacitors for 800V charging systems. Newintec capacitors are installed in both the Ioniq 5 and EV6. They are also included in Hyundai Motor Company's dedicated electric vehicle platform (E-GMP). All electric vehicles released by Hyundai Motor come equipped with Newintec capacitors as standard. Hyundai's electric and hydrogen vehicles have a 100% market share for capacitors.

As the electric vehicle market rapidly grows, demand for capacitors is also increasing. Starting this month, Newintec will begin supplying capacitors to a leading American automaker. Newintec capacitors will be installed in electric vehicles introduced by this automaker to target the global market. This is the first time Newintec is supplying electric vehicle capacitors to an American automaker. They are also conducting secondary tests to supply to a German automaker.

Newintec is building an additional capacitor factory in Gunsan, Jeonbuk, following its facility in Asan, Chungnam. The expected supply volume of capacitors this year is projected to reach 1 million units, doubling compared to last year. CEO Jang stated, "We aim to grow into a strong small and medium-sized enterprise that can capture 20% of the global electric vehicle capacitor market." It is forecasted that the proportion of electric vehicles among new cars will increase from the current 4-5% to 30% by 2030.