Samjin L&D is showing strong performance. The news that the CEO of Volvo is visiting Korea to discuss cooperation plans with domestic electric vehicle battery companies has drawn attention to Samjin L&D, which supplies products to Samsung SDI, a leading company in the field.
As of 9:14 AM on the 6th, Samjin L&D is trading at 3,395 KRW, up 16.07% compared to the previous day.
According to industry sources the day before, Volvo Cars CEO Jim Rowan is scheduled to visit Korea next week. There is growing interest in whether discussions on collaboration with domestic electric vehicle battery companies will take place.
In the industry, Samsung SDI is considered the company to collaborate with Volvo. In particular, cooperation in the commercial vehicle sector, such as electric trucks, is expected. Samsung SDI has completed the development of cylindrical batteries for Volvo electric trucks and has started supplying them.
Meanwhile, Samjin L&D, a manufacturer of liquid crystal display (LCD) and secondary battery components, supplies about 70% of the gaskets that serve as caps for cylindrical secondary batteries to Samsung SDI, which is interpreted as the reason for the strong buying interest.
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