[Featured Stock] Sungwoo Rises on Exclusive Supply of LG EnSol 4680 Model Parts for Tesla Delivery

The stock of battery component manufacturer Sungwoo is showing strong performance. It appears that the fact that Sungwoo is the sole supplier of LG Energy Solution's secondary battery components, which will be installed in Tesla electric vehicles, has been highlighted.

As of 9:45 AM on the 24th, Sungwoo's stock price recorded 20,350 KRW, up 15.36% compared to the previous day. During the trading session, it rose to 21,100 KRW, setting a new high for this year.

The news that Sungwoo's 'Top Cap Assembly' will be exclusively supplied for LG Energy Solution's next-generation secondary battery model called the 4680 product seems to have been emphasized. The Top Cap Assembly is a component that prevents fire and explosion in cylindrical batteries based on ultra-precision press mold technology. It cuts off the current and releases internal gas when the temperature or pressure inside the battery cell increases.

LG Energy Solution's 4680 model is also used in Tesla's Robotaxi and Optimus. By supplying this battery to the Cybertruck as well, Tesla aims to reduce costs and simplify its supply chain. LG Energy Solution is also expanding its portfolio into the humanoid field through this product.