[Featured Stock] Abaco Rises on Prospects of Supplying New Battery Equipment to LG Energy Solution
Abaco is showing strong performance. It is interpreted to be influenced by news that it is about to supply new battery equipment to LG Energy Solution.
As of 9:49 AM on the 3rd, Abaco is trading at 17,790 KRW, up 3.61% compared to the previous day.
According to the industry, Abaco has completed testing of LG Energy Solution's roll press equipment. It is known that this is the first time Abaco's roll press equipment has passed the test. The roll press is part of the electrode process that makes the battery's cathode and anode.
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Meanwhile, Abaco decided to build an additional factory in the Sangju General Industrial Complex in Gyeongbuk to prepare for expanding battery equipment orders, and invested 22.3 billion KRW last month.
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