[Asia Economy Reporter Jang Hyowon] Myungshin Industry is showing strength following news of a sharp rise in the stock price of the US electric vehicle company Tesla.


As of 9:39 AM on the 10th, Myungshin Industry is trading at 27,500 KRW, up 6.18% compared to the previous day.



The previous day, Tesla's stock price closed at 673.58 USD, a surge of 110.58 USD (19.64%) from the previous day. Myungshin Industry manufactures automotive body parts. Through its core technology, the 'hot stamping process,' it lightens body parts and supplies them to Tesla's partners.


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