[Special Stock] DIC Rises on News of Supplying Transmission Parts to Tesla
[Asia Economy Reporter Minwoo Lee] DIC's stock price is on the rise. It appears to have surged following news that it supplies transmission parts to the American electric vehicle company Tesla.
As of 1:24 PM on the 17th, DIC's stock price recorded 2,150 KRW, up 29.91% from the previous day. The news of supplying transmission parts to Tesla seems to have acted as a positive factor.
According to industry sources, DIC reportedly delivered about 200,000 reducer gears and shift-related parts to Tesla this year. It is known that these parts, worth around 10 billion KRW, were supplied directly to Tesla's U.S. headquarters.
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Established in 1976 as the successor of 'Daeil Industrial,' DIC has supplied transmission parts not only to Hyundai Motor and Kia but also to American General Motors (GM), Japanese Mitsubishi, and Chinese Geely Automobile.
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