[Asia Economy Reporter Jang Hyowon] Samjin LND is showing strong performance. The news that Samsung Group, including Samsung Electronics and Samsung SDI, has launched an electric vehicle task force (TF) has highlighted Samjin LND, which supplies cylindrical secondary battery gaskets to Samsung SDI.
As of 9:29 AM on the 16th, Samjin LND is trading at 2,905 KRW, up 17.37% compared to the previous day.
According to industry sources on the day, key personnel from Samsung Electronics, Samsung SDI, Samsung Electro-Mechanics, and Samsung SDS are participating in the electric vehicle TF. Affiliates such as Samsung SDI, Samsung Electro-Mechanics, and Samsung Display produce various essential products required for electric vehicle manufacturing, including electric vehicle batteries, autonomous driving chips, automotive semiconductors, camera modules, and organic light-emitting diode (OLED) displays.
Samjin LND supplies about 70% of the gaskets for cylindrical secondary batteries to Samsung SDI. Cylindrical batteries have the advantages of high energy density per volume and stability, and are adopted for electric vehicle batteries by companies such as Tesla and Rivian. Samsung SDI ranks second globally in cylindrical battery production.
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