[Featured Stock] Taesung Hits All-Time High... Spotlight on 'Composite Copper Foil' Production Preventing Electric Vehicle Fires
'V-shaped rebound' continues as it finally breaks the all-time high
Secondary battery 'game changer' complex double-sided copper foil highlighted
Also selected as a CATL partner
Taesung's stock price surged, hitting a 52-week high and breaking its all-time record. As electric vehicle fire issues continue, investor sentiment appears to be flocking to Taesung, which possesses the technology to prevent such incidents.
![[Featured Stock] Taesung Hits All-Time High... Spotlight on 'Composite Copper Foil' Production Preventing Electric Vehicle Fires](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 9:34 AM on the 14th, Taesung is trading at 15,940 KRW, up 23.66% (3,050 KRW) from the previous day. This surpasses the all-time high of 14,210 KRW set on June 26, about two months ago. During the recent 'Black Monday,' Taesung's stock price even fell below 10,000 KRW, but it has made a perfect 'V-shaped rebound' and reached a new peak.
Taesung produces composite copper foil equipment, known to be capable of preventing thermal runaway in electric vehicles. Composite copper foil is attracting attention as a new material that replaces the conventional electrolytic copper foil used in lithium-ion battery anodes and is called a 'game changer' in the secondary battery industry. Last month, Taesung was selected as a supply partner for CATL, China's largest electric vehicle battery manufacturer.
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Minjung Kwak, a researcher at Hyundai Motor Securities, said, “Taesung's composite copper foil RTR equipment maintains consistent tension even over a wide width,” adding, “With the recent spotlight on composite copper foil, sales to China, including electric vehicle companies like BYD besides CATL, are expected.”
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