[Featured Stock] Cellumed Shows Strength with Entry into Replaceable Battery Electric Ships

[Asia Economy Reporter Jang Hyowon] Selumed is on the rise following news of its entry into the electric ship market applying swappable batteries.

As of 11:20 AM on the 28th, Selumed is trading at 4,625 KRW, up 3.82% from the previous trading day.

Selumed announced yesterday that it has signed a strategic partnership agreement with Haemin Heavy Industries to develop electric ships with swappable batteries.

Since the government is mandating the replacement of public institution vessels with eco-friendly ships by 2030, both companies have agreed to actively cooperate to prioritize the supply of electric ships with swappable batteries in preparation for this.

Selumed plans to apply swappable batteries to overcome the short cruising range, which has been a limitation of existing electric ships, and to secure global competitiveness.

Last year, the government established the ‘2050 Carbon Neutral (Net-Zero) Roadmap for the Marine and Fisheries Sector,’ setting a goal to reduce carbon emissions by more than 3.6 million tons in the shipping and fisheries sectors by 2050.

Previously, Selumed acquired multiple patents related to swappable batteries and is preparing to launch electric two-wheelers equipped with swappable batteries. According to the company, it plans to complete the swappable battery solution and sequentially expand distribution to converted electric vehicles, electric ships, and electric cars.