[Featured Stock] Irem Hits Upper Limit on Expectations as 'Lithium Battery Alternative'

Irem recorded a price limit increase in the early session.

As of 9:48 a.m. on the 20th, Irem is trading on the KOSDAQ market at 2,125 won, up 490 won (29.97%) from the previous trading day.

The strong surge in Irem's stock price is due to the highlighted possibility of commercializing vanadium battery-based electric vehicle batteries that replace lithium batteries by fundamentally eliminating fire and explosion risks. Irem's affiliate, XR-B, is promoting joint development and demonstration projects for vanadium energy storage systems (ESS) in cooperation with Korea East-West Power.