[Featured Stock] Daejin Advanced Materials Rises 12% on Expectations of Expanded US Production Base

Daejin Advanced Materials is showing strong performance in the early trading session. This is interpreted as having stimulated investor sentiment as the company prepares for aggressive production base expansion in the US and Europe this year.

As of 9:05 AM on the 28th, Daejin Advanced Materials is trading at 18,180 KRW, up 12.64% (2,040 KRW) compared to the previous day. This marks five consecutive trading days of gains.

Daejin Advanced Materials, which was listed on KOSDAQ on the 6th, is a company specializing in secondary battery process materials. The company is recognized for its proprietary carbon nanotube (CNT) surface modification technology, led by its flagship product, the anti-static tray.

Recently, the company attracted market attention by signing a supply contract for anti-static trays for a 7.5 gigawatt-hour energy storage system (ESS) project in the US. Currently, under a government support agreement with the state of Tennessee, the company is constructing its second factory, which is scheduled to begin full operation in the second half of the year. Subsequently, production bases are planned to expand to Georgia, Arizona, and Europe.