[Asia Economy Reporter Geum Boryeong] Hyundai Wia showed strong performance on the 18th following news that it successfully developed an electric vehicle (EV) dedicated thermal management system for the first time in Korea.
As of 10:17 AM that day, Hyundai Wia's stock price rose 8.10% (6,100 KRW) compared to the previous trading day, reaching 81,400 KRW.
The stock price even climbed to 83,400 KRW during intraday trading.
Hyundai Wia, a parts subsidiary of Hyundai Motor Group, announced that it has developed a module that integrates thermal management for both the driving components and battery parts of electric vehicles, the first among domestic automotive parts companies. This module has been confirmed for installation on Hyundai Motor's EV-dedicated platform, E-GMP.
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