[Special Stock] Woori Industrial Holdings Briefs on Musk's India Factory Plan... Tesla PTC Heater Supply Highlighted↑

Woori Industrial Holdings is showing strong performance. It is interpreted that this is influenced by the news that Elon Musk, CEO of Tesla, will personally brief Indian Prime Minister Narendra Modi, who is visiting the United States, on plans to establish a factory in India.

As of 10 a.m. on the 21st, Woori Industrial Holdings is trading at 4,810 KRW, up 3.11% from the previous day.

According to foreign media on the previous day, CEO Musk is expected to directly brief Prime Minister Modi on Tesla's plans to expand its production base in India. This marks the first high-level discussion between Tesla and India.

Earlier last month, a delegation including Kan Budhiraj, Tesla's senior executive in charge of supply chain, visited India and met with government officials such as the Deputy Minister for Electronics and IT to discuss the establishment of automobile and battery production plants.

Meanwhile, Woori Industrial Holdings is a company specializing in automotive ventilation and air conditioning systems. Its main products include PTC heaters, HVAC actuators, control heads, and current sensors. Through its affiliate Woori Industrial, it is known to supply essential parts such as PTC heaters responsible for electric vehicle heating to Tesla Model S and Model X.