Aekyung Chemical is rising in early trading on the 29th. This appears to be influenced by the sodium battery commercialization plan of China's CATL, the world's largest battery corporation. Aekyung Chemical is developing high-performance hard carbon used for sodium battery materials.
As of 9:09 a.m. on this day, Aekyung Chemical is trading at 11,810 won, up 1,860 won (18.69%) from the previous day.
CATL recently unveiled its second-generation sodium battery, 'Naxtra', at the Shanghai International Motor Show. Sodium batteries operate on principles similar to lithium-ion batteries but can reduce production expenses by using sodium, which is cheaper than lithium.
Aekyung Chemical is the only corporation in South Korea developing high-performance hard carbon, which is the anode material for sodium batteries. Aekyung Chemical has identified hard carbon as a future food source and is actively pursuing technological development.