[Asia Economy Reporter Hyungsoo Park] ResearchAlum forecasted on the 20th that Korea Auto Glass will benefit from the growth of the next-generation automobile market, including electric vehicles and autonomous vehicles. The appropriate stock price was suggested to be 23,300 KRW.
Choi Seonghwan, Chief Researcher at ResearchAlum, introduced, "Korea Auto Glass is a partner supplying automotive glass to Hyundai Motor and Kia Motors," and added, "They have continuously developed products that meet the future strategies of automakers."
He continued, "They have developed new products for future cars such as Head-Up Display (HUD) glass, lightweight laminated glass, and Solar Cell Roof," and predicted, "With the best domestic technology secured, they will maintain a dominant market position going forward."
Researcher Choi also analyzed, "Korea Auto Glass is preparing for the electric vehicle era," and explained, "Electric vehicles require vehicle weight reduction to improve fuel efficiency, and they succeeded in lightening the glass by reducing the thickness of laminated glass from 5mm to 4.4mm."
Additionally, he added, "They have secured excellent technology by linking solar cell roofs with air conditioning systems to increase power efficiency."
He said, "High-performance glass is also necessary for autonomous vehicles," and explained, "Augmented reality navigation, which will be the basis of autonomous vehicles, creates virtual driving lines on the front glass based on data to assist road guidance and safe driving."
He further explained, "It is important that the front glass as HUD glass accurately reflects the virtual driving lines and information generated by the navigation without distortion," and added, "Among domestic vehicles, the GV 80 was the first vehicle equipped with augmented reality navigation, supplied by Korea Auto Glass."
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