MOBIS Electronics is showing strong performance. This is interpreted as being influenced by news that the government is considering including the Battery Management System (BMS) in electric vehicle safety standards.
As of 10:38 AM on the 14th, MOBIS Electronics is trading at 2,015 KRW, up 6.11% compared to the previous day.
According to the government and expert groups, the government's plan to strengthen electric vehicle safety management is expected to include measures to advance the BMS. The Ministry of Trade, Industry and Energy is supporting research and development (R&D) on BMS, and the Ministry of Land, Infrastructure and Transport is likely to add BMS to future electric vehicle safety standards.
BMS is a system that attaches various sensors to the battery of an electric vehicle to monitor and manage the battery's status. By advancing the BMS, it can monitor battery voltage, current, temperature, etc., and when abnormal signs occur during charging or discharging, it can display warnings on the vehicle's dashboard to alert the driver or automatically report the issue. It can also implement measures to delay the time it takes for thermal runaway, which occurs when a specific battery cell explodes, to spread to adjacent battery cells and cause a larger fire.
Meanwhile, MOBIS Electronics is a first-tier vendor for Hyundai Kia Motors and has previously signed BMS supply contracts with Samsung SDI and SK Innovation. It has also signed supply contracts with Canoo, a U.S. electric vehicle startup jointly developing an electric vehicle platform with Hyundai Kia Motors.
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