[Click eStock] "Y2Solution, the True Leader in the Electric Vehicle Charging Market"

Hanyang Securities forecasted on the 2nd that Y2Solution's performance will improve as it begins mass production of power supply units (PSU) for electric vehicle chargers in the second half of this year.

Researcher Lee Jun-seok of Hanyang Securities explained, "Compared to the speed of electric vehicle adoption, the pace of charging infrastructure development is slow," adding, "This is a major reason for the recent weakness in the electric vehicle market."

He continued, "Recently, advanced countries including the United States are reducing electric vehicle purchase subsidies while expanding budgets for charging infrastructure," and added, "Y2Solution will directly benefit from the US NEVI program."

He analyzed, "The US plans to install 500,000 electric vehicle charging infrastructures by 2030," and noted, "PSUs account for as much as 40% of the cost of chargers." Furthermore, he emphasized, "Y2Solution has completed the development of a 30kW PSU product for electric vehicle fast chargers," and "It is understood to have higher quality than Chinese-made PSUs, which have a high failure rate."

The researcher explained, "Due to the US-China conflict, the need to procure PSUs from countries other than China is increasing," and added, "An EVC dedicated line has been established at the Hanoi factory in Vietnam for the production of PSUs for electric vehicle charging."