[Asia Economy Reporter Ji Yeon-jin] Auto parts manufacturer Ecocap surged to the price limit on the 29th following the news of Rivian, known as the 'Amazon electric vehicle,' being listed on the New York Stock Exchange in the United States.
Ecocap was trading at 5,720 won on the KOSDAQ market from 9:22 AM, up 30.00% (1,320 won) compared to the previous day.
Earlier, foreign media predicted that Rivian would be listed on the New York Stock Exchange around November 25, Thanksgiving Day. Ecocap is mentioned as a related stock as it supplies wiring harnesses, an auto part, to Rivian.
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