[Featured Stock] Irem Hits Upper Limit on Expectations as 'Lithium Battery Alternative'
Irem recorded a price limit increase in the early session.
As of 9:48 a.m. on the 20th, Irem is trading on the KOSDAQ market at 2,125 won, up 490 won (29.97%) from the previous trading day.
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The strong surge in Irem's stock price is due to the highlighted possibility of commercializing vanadium battery-based electric vehicle batteries that replace lithium batteries by fundamentally eliminating fire and explosion risks. Irem's affiliate, XR-B, is promoting joint development and demonstration projects for vanadium energy storage systems (ESS) in cooperation with Korea East-West Power.
![[Featured Stock] Irem Hits Upper Limit on Expectations as 'Lithium Battery Alternative'](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
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