[Featured Stock] Inzi Controls to Supply Batteries Worth 15 Trillion KRW to SK On Nissan... Highlighting Parts Supply Increase
Inzi Controls is showing strong performance. This is interpreted as being influenced by the news that SK On signed a 15 trillion won electric vehicle battery supply contract with Japanese automaker Nissan.
As of 9:40 AM on the 20th, Inzi Controls is trading at 6,250 won, up 4.17% from the previous day.
According to industry sources, SK On announced yesterday that it signed a battery supply contract with Nissan. From 2028 to 2033, SK On will supply 99.4 GWh of high-performance high-nickel pouch cell batteries to Nissan over six years. This quantity is enough to be installed in about 1 million mid-sized electric vehicles.
This is the first time SK On has secured a Japanese automaker as a client. It is particularly meaningful as SK On has secured a new client amid a stagnation in battery demand due to the electric vehicle chasm (temporary demand stagnation). Currently, SK On counts Hyundai Motor Group, Ford, Volkswagen, and Daimler as clients, and has now added a major new client.
Hot Picks Today
Despite "Insufficient Balance" Notices, They Board Anyway... Reports of Foreign Fare Evasion Mounting
- "If It Helps My Child's Studies, It's Worth Every Penny"... U.S. Parents Open Their Wallets for $10,000 Tests
- [Exclusive] "We Came for a KRW 140,000 Trip": Following Chinese Tourists in Korea Uncovers a 'Suspicious' Tour
- [New York Stock Market] Nasdaq Plunges 2.6% on AI Investment Concerns
- "Baek Jongwon Had Been Quiet, Then Hit It Big"... Waits in the 100s in U.S. Despite KRW 46,000 Pork Belly
Meanwhile, Inzi Controls is known to have signed a battery module parts supply contract worth 650.6 billion won with SK On. The contract period extends until December 30, 2030.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.