[Featured Stock] CentralMotec Rises as Tesla Launches 'Model 3' in China and India

[Asia Economy Reporter Hyunseok Yoo] CentralMotec is showing strong performance. It appears that the news of Tesla's budget electric car Model 3 produced at its China factory being delivered has had an impact.

As of 10:36 AM on the 2nd, CentralMotec was trading at 19,150 KRW, up 21.59% (3,400 KRW) compared to the previous trading day.

According to industry sources, Tesla delivered 15 units of the budget electric car "Model 3" produced at its Shanghai factory (Gigafactory 3) to its first customers on December 30 last year.

Founded in 1994, CentralMotec is a company specializing in manufacturing core automotive parts such as drive, suspension, and transmission components. The company's business areas are broadly divided into precision machining, aluminum forging, and ball screws. It is the only domestic company with production capabilities for ball screws and aluminum control arms, giving it differentiated competitiveness compared to peers in the industry.

In particular, the aluminum control arms produced by the company have higher strength and lighter weight compared to traditional steel products. It is known that the American electric vehicle company Tesla exclusively sources 100% of its aluminum control arms from CentralMotec.

This content was produced with the assistance of AI translation services.