[Featured Stock] CIS Rises on News of Joint All-Solid-State Battery Development with Samsung SDI

[Asia Economy Reporter Jang Hyowon] CIS, an equipment manufacturer related to electrode production for lithium secondary batteries, is showing strong performance following the news that Samsung SDI will participate in a government project on next-generation batteries, ‘all-solid-state batteries,’ jointly with CIS, DH, and Mirae Company to accelerate development.

As of 9:34 AM on the 25th, CIS is trading at 15,050 KRW, up 5.99% compared to the previous day.

According to the industry, on the 24th, Samsung SDI announced that it will participate as a demand company and private investor in the all-solid-state battery government project, with CIS joining as a joint participant. Since June last year, they have been conducting an all-solid-state battery research and development project, aiming to develop mass production equipment. Various support is expected from the government and Samsung SDI until 2024.

According to the industry, CIS, which holds patents for solid electrolyte manufacturing, is expected to continue attracting attention as Samsung SDI accelerates the development of all-solid-state batteries.

This content was produced with the assistance of AI translation services.