UL Solutions Plans To Construct A New Advanced Automotive And Battery Testing Center In Korea
Portfolio Pulse from Benzinga Newsdesk
UL Solutions plans to construct a new advanced automotive and battery testing center in Korea, expected to open in the second half of 2025. This center aims to serve customers across the Asia Pacific region, strengthen Korea's EV industry, and provide faster access to safety and performance testing services.
June 26, 2024 | 9:48 pm
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UL Solutions is constructing a new advanced automotive and battery testing center in Korea, set to open in the second half of 2025. This move is expected to strengthen Korea's EV industry and meet the growing demand for safety and performance testing services in the Asia Pacific region.
The new testing center will likely enhance UL Solutions' market position in the Asia Pacific region, particularly in the growing EV sector. This expansion could lead to increased revenues and market share, positively impacting the stock price in the short term.
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