[Edaily Reporter Kwon Oh Seok ] #S&K POLYTEC CO., LTD.’s stock price is surging in early trading. It appears that buying interest is surging following news that the company’s polyurethane (PU) foam products for electric vehicle batteries have passed a qualification test (performance evaluation) conducted by the world’s largest Chinese-owned global battery manufacturer.

According to MP Doctor on the 7th, S&K POLYTEC CO., LTD.’s stock price was trading at 2,620 won as of 9:19 a.m., up 11.25% from the previous trading day.
Earlier that day, the company issued a press release announcing that it is collaborating with a Chinese electric vehicle manufacturer on product development and is working to enter the Chinese electric vehicle battery supply chain.
The company that conducted the qualification testing is a Chinese firm leading the global EV battery market. It has expanded its business into EV batteries, energy storage systems (ESS), and next-generation battery technologies. It is currently reviewing the practical application of S&K POLYTEC CO., LTD.’s products.
S&K POLYTEC CO., LTD. is also jointly developing PU foam products for batteries with a Chinese EV manufacturer. The company plans to expand its penetration of the Chinese battery market by leveraging its manufacturing technology for high-density, micro-cell structure polyurethane foam and its product development capabilities to meet customer-specific material property requirements.
S&K POLYTEC CO., LTD. is expanding the manufacturing technology it has accumulated through the supply of high-density PU foam for electronic devices—such as smartphones and displays—into the electric vehicle battery and automotive electronics components sectors. The company plans to cultivate PU foam for batteries as a new growth engine by leveraging its local production bases in China and its capabilities for customer-tailored development.
A company official stated, “As we have been actively pursuing the development of PU foam products for electric vehicle batteries, we are seeing tangible results, such as passing the internal quality verification of the world’s largest Chinese battery company and engaging in joint development with Chinese electric vehicle manufacturers.” The official added, “We will utilize our local production and customer support infrastructure in China to cultivate the battery market as a new growth pillar.”