Obigo is showing strength. Hyundai Motor's announcement of investing 120 trillion won over 10 years and continuously pursuing various new mobility businesses such as autonomous vehicles and software-defined vehicles (SDV) development is interpreted as influencing the stock price.
As of 9:46 AM on the 29th, Obigo was trading at 6,570 won, up 310 won (4.95%) compared to the previous trading day.
The day before, Hyundai Motor held the '2024 CEO Investor Day' at the Conrad Hotel in Yeouido and announced a new mid-to-long-term strategy called 'Hyundai Way.' Hyundai Motor presented itself as a 'mobility game changer,' stating that it will continue to advance autonomous driving technology by collecting related data and simultaneously establishing a system that automatically trains artificial intelligence (AI) models.
Obigo is building an optimized platform service in preparation for the SDV era. Based on its proprietary vehicle software solutions, it is providing solutions to global automakers such as Hyundai Motor, KG Mobility, and Volvo Korea.
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