[Special Stock] Mobile Appliance Expected to Benefit from Saudi-Foxconn Joint Electric Vehicle Venture... Up 2.54%

Mobile Appliance CI

[Asia Economy Reporter Kwon Jae-hee] Mobile Appliance is showing an early morning upward trend.

As of 9:11 AM on the 4th, Mobile Appliance is trading at 3,435 KRW, up 2.54% compared to the previous trading day. In the early session, it rose as much as 4.48% to 3,500 KRW before giving back some of the gains.

Mobile Appliance, which was listed on the KOSDAQ market in February last year, is a company specializing in autonomous vehicle solutions. Mobile Appliance supplies its main product, radar video recording devices, to BMW. Recently, Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), announced a partnership with Taiwan's Foxconn to produce electric vehicles, reportedly utilizing component technology approved for use by BMW, which has raised expectations for Mobile Appliance.