[Asia Economy Reporter Yoo Hyun-seok] NVH Korea is showing strong performance. While its subsidiary Wonbang Tech surged due to a free capital increase issue, expectations of benefits from the growth of the electric vehicle market appear to be influencing the stock price.
As of 10:53 AM on the 12th, NVH Korea was trading at 5,360 KRW, up 9.05% (445 KRW) compared to the previous trading day.
NVH Korea, an automotive interior materials company, produces more than 30 items ranging from engine room bulkheads to floor pads, supplying all of them to Hyundai Motor and Kia. Recently, it developed a thermal management system (HVAC). The HVAC for electric vehicles starts from the battery case. The case is surrounded by pipes through which liquid refrigerant circulates. When the battery overheats, a valve that circulates the refrigerant opens to cool it down. If it becomes too cold, it warms it up instead.
Gu Ja-gyeom, Chairman of NVH Korea, recently stated in an interview with an economic media outlet, "The best a parts company can do in the electric vehicle era is thermal management," adding, "The company that captures the last 1-degree difference will gain the winning edge."
NVH Korea acquired Wonbang Tech in 2018 to secure core HVAC technology. Wonbang Tech is a company that controls manufacturing environmental conditions in advanced industries such as semiconductors, displays, secondary batteries, and pharmaceuticals/biotech. Chairman Gu emphasized, "NVH Korea is the only company capable of producing HVAC systems ranging from factory-sized units as large as an apartment to small battery case units."
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