On the afternoon of the 26th, Daewoo Parts surged after securing a supply contract worth 52 billion KRW.
As of 2:19 PM on the same day, Daewoo Parts' stock price was trading at 1,805 KRW, up 25.78% compared to the previous trading day. The stock price, which had been showing a slight upward trend, surged sharply around 2 PM following the announcement related to the supply contract.
Daewoo Parts announced that it signed a supply contract worth 52.298 billion KRW to provide battery heaters (warming heaters) for electric vehicles to Hyundai and Kia cars destined for the North American market. The models include four electric vehicles, such as the Ioniq 6. The supply period is stated to be from 2024 to 2030.
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