[Special Stock] Samki, Tesla Losing Gigacasting to GM... Aluminum Die Casting US Entry Highlighted Upward Trend

Samgi is showing strong performance. Following the news that General Motors (GM) acquired Tesla's gigacasting partner, attention is being drawn to Samgi, which possesses aluminum die-casting technology that could serve as an alternative.

As of 1:35 PM on the 16th, Samgi is trading at 2,310 KRW, up 7.94% compared to the previous day.

GM recently acquired TEI, Tesla's partner and a specialist in gigacasting. The industry views this as Tesla receiving a critical blow from a competitor.

Gigacasting is a method that casts a special aluminum alloy sheet all at once to stamp out the entire vehicle body. This technology is regarded as a breakthrough in reducing electric vehicle manufacturing costs. It is also known to offer advantages in manufacturing, efficiency, and safety.

Meanwhile, Samgi is a company specializing in aluminum die-casting. Die-casting is a casting method that injects molten metal alloys such as aluminum, magnesium, and zinc into molds at ultra-high speed and high pressure to produce precise parts needed for automobiles, smartphones, home appliances, and precision machinery. Due to its high dimensional accuracy and productivity, it is widely used in the automotive parts and electronic components industries for cost reduction and mass production.

Samgi established a U.S. subsidiary last year to target the American electric vehicle market. Lee Dong-won, CEO of Samgi, stated at last year's investor presentation, "By entering the U.S. market, we aim to achieve sales of 1 trillion KRW by 2026."