[Asia Economy Reporter Lee Seon-ae] On the 22nd, Daeyu Plus's stock price surged. Starting at 1,270 won, it rose to 1,340 won, continuing its upward trend. As of 9:28 AM, the stock price is trading at 1,330 won, up 6.40% compared to the previous trading day.
It is observed that buying interest has surged due to expectations related to LG Electronics' strengthening of its electric vehicle charging business.
LG Electronics is reportedly conducting electric vehicle charging software, mechanical design, and platform R&D, and has begun preparations to fully launch its electric vehicle business. Previously, LG Electronics jointly developed chargers with Signet EV (now SK Signet), a specialist company in ultra-fast charging for electric vehicles, and is differentiating itself with technology specialized in maintenance, repair, management, and services. Following this news, it is observed that buying interest has surged in Daeyu Plus, which signed a business agreement with Signet EV in April last year.
Signet EV developed a 350kW ultra-fast charger and was the first in the world to obtain certification in the United States in 2018. It holds more than 50% market share in the U.S., the largest market for ultra-fast chargers. Seeing the growth potential of the related business, SK invested about 300 billion won in Signet EV last year, incorporated it as a subsidiary, and changed its name to SK Signet at the end of March.
Daeyu Plus announced that it will officially start its charging business by signing a business agreement regarding the sales of Signet EV products, production of slow chargers, and maintenance.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
