[Special Stock] APro Secures Trillion-Won Battery Orders from LG Energy Solution and Mercedes-Benz... 4680 Activation Process Equipment Supply Increases

Apro is showing strength. It is interpreted that this is influenced by the news that LG Energy Solution has signed a battery supply contract for North American electric vehicles with Mercedes-Benz.

As of 1:44 PM on the 8th, Apro is trading at 8,270 KRW, up 3.25% from the previous day.

According to the industry, LG Energy Solution has signed a contract to supply a total of 50.5 GWh of electric vehicle batteries to a Mercedes-Benz affiliate company. The contract amount has not been finalized. Mercedes-Benz receives the batteries through its affiliate, Deutsche Accumotive.

The batteries supplied by LG Energy Solution to Mercedes-Benz are cylindrical 46mm products, and considering the supply scale, the contract amount is estimated to reach several trillion KRW.

Meanwhile, Apro has supplied activation process equipment for LG Energy Solution's battery manufacturing line. Activation is a process that imparts electrical characteristics, where the electrolyte is allowed to permeate well into the battery's cathode and anode by storing under certain conditions and repeatedly performing charge and discharge cycles.