Sejong Industrial, The hydrogen car parts business is expected to grow rapidly(SK Securities)

[Infostock Daily= Reporter An Hoe Hyun] SK Securities analyzed on the 22nd that the hydrogen car parts business is expected to grow rapidly for Sejong Industrial, an auto parts company. The investment opinion and target stock price were not offered.

"Sejong Industrial mainly produces converters that purify exhaust gas and mufflers that reduce noise · vibration," the company explained, adding, "Recently, it is growing businesses such as electronic equipment components and parts · sensors for hydrogen vehicles."

"Sejong EV, a 100% subsidiary of Sejong Industrial, is preparing to supply metal separation plates, a key part of the fuel cell stack for hydrogen cars," the company analyzed, adding, "It is possible to officially deliver them to Hyundai Mobis within the first quarter of this year."

"If Hyundai Motor expands its production and lineup of hydrogen cars, it is highly likely that considerable volume as well as some of the existing Nexo will be allocated to Sejong EV," the company predicted, adding, "This could lead to a rapid improvement in performance and strong growth momentum in the mid- to long-term."

Reporter An Hoe Hyun ahh@infostock.co.kr