[Special Stock] Apro's 37 Billion KRW Supply Contract, Up 3.25%

The stock price of A-Pro, a specialized company in charge-discharge equipment for secondary battery activation processes, is on the rise following the announcement of a supply contract worth 37 billion KRW.

As of 2:07 PM on the 7th, A-Pro was trading at 12,400 KRW, up 390 KRW (3.25%) from the previous trading day.

On this day, A-Pro announced, "we have signed a supply contract for secondary battery activation equipment worth approximately 36.97 billion KRW with Ultium Cells USA."

Ultium Cells is a joint venture (JV) established in the United States by LG Energy Solution, which accounts for 90% of A-Pro's sales, and General Motors (GM). The contract size corresponds to 46.57% of A-Pro's 2022 sales revenue. The contract period is until the 20th of this month.