KG Mobility (KGM)'s new car 'Actyon' is expected to achieve record-breaking success, surpassing 50,000 pre-orders, drawing attention to the KOSDAQ-listed company Neotis in the stock market. Neotis has officially entered the automotive electronics market by being the first to supply the 'sunroof controller' for Actyon.
According to the automotive industry on the 6th, Neotis signed a supply contract with KGM for the sunroof controller applied to the new car 'Actyon.' Neotis stated that it won this complete vehicle mass production project based on active investment in new businesses and numerous advanced developments over the past three years.
Actyon is a coupe-style sports utility vehicle (SUV) launched by KGM. Since starting pre-orders on the 15th of last month, more than 50,000 units have been reserved so far, signaling unprecedented success.
Neotis is a company that supplies shafts and gear parts for automotive motors to domestic and global system companies. Leveraging over 25 years of experience, it prepared for new businesses by developing automotive electronic controllers and has now secured its first supply contract. All parts in the Actyon are supplied by Neotis.
Additionally, based on proprietary core safety technology secured while developing automotive electronic controllers, Neotis has also won an advanced project for sliding door controllers on a purpose-built vehicle platform in collaboration with a global parts company. Furthermore, it is known that mass production orders are underway with a global system company based in Europe.
A Neotis representative said, “To expand the automotive electronics business, we have made facility investments such as introducing function implementation and system verification simulators, and completed the relocation of the Seoul research center to secure excellent research personnel. Our goal is to more than double sales within four years through the new automotive electronics business.”
Meanwhile, Neotis recorded consolidated sales of 14.2 billion KRW, operating profit of 937 million KRW, and net profit of 1.6 billion KRW in the first quarter of this year, returning to profitability after one year. The market expects strong performance to continue in the second quarter due to the recovery of the upstream industry.
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