[Featured Stock] Mobase Electronics Emerges as Key Component Supplier Amid Trillion-Won Investment by US Canoo in Electric Minivan

[Asia Economy Reporter Jang Hyowon] Mobease Electronics is showing strength. The American electric vehicle startup Canoo is investing over 1 trillion won to build an electric minivan production facility, drawing attention to Mobease Electronics as a supplier.

As of 10:29 AM on the 22nd, Mobease Electronics is trading at 2,670 won, up 3.09% from the previous day.

According to industry sources, Canoo plans to invest $500 million to $1 billion (approximately 567.9 billion to 1.1372 trillion won) in stages depending on demand, and the state of Oklahoma has promised tax incentives exceeding $300 million (about 340.8 billion won).

Canoo is expanding its business, recently opening a new branch in Dallas, Texas. In addition to its main products, the 7-seater electric minivan and delivery vehicles, it plans to launch an electric pickup truck in 2023.

Meanwhile, Mobease Electronics is a company specializing in manufacturing automotive electronic and electrical components. Last November, it signed a supply contract worth approximately 27 billion won with Canoo for multifunction switches and SRC.