[Special Stock] Daeyu Plus Rises on News of SK Signet Strengthening US Market Expansion

Daeyu Plus is rising on news that SK Signet, which supplies slow electric vehicle chargers, is strengthening its presence in the U.S. market.

As of 10:45 a.m. on the 7th, Daeyu Plus is trading at 959 won, up 6.08% from the previous day.

On the 5th (local U.S. time), SK Signet held a completion ceremony for its Texas factory and announced plans to produce ultra-fast chargers (400kW). This is the first 400kW charger production facility in the U.S.

With SK Signet currently holding the number one market share in ultra-fast chargers, its accelerated push into the U.S. market appears to be drawing joint attention to its partner company, Daeyu Plus.

Daeyu Plus supplies slow chargers (7kW) to SK Signet through an Original Design Manufacturer (ODM) arrangement.

The U.S. federal government has also announced plans to install chargers every 50 miles along highways, indicating market expansion prospects.

A Daeyu Plus official said, “The strengthening of our partner’s market position will have a positive effect on the electric vehicle charger business.”