[Special Stock] Sewon, Lucid Motors with 26 Trillion Market Cap Listing Ahead... Will It Soar Riding on Apple Car?

[Asia Economy Reporter Hyunseok Yoo] Sewon is showing strong performance. It appears that rumors about the American electric vehicle company Lucid Motors emerging as a potential partner for Apple's autonomous electric vehicle, Apple Car, have influenced the stock price. Sewon supplies electric vehicle HVAC components to Lucid Motors.

As of 10:26 AM on the 27th, Sewon's stock was trading at 6,290 KRW, up 11.52% (650 KRW) compared to the previous trading day.

On the same day, a media outlet reported that Lucid Motors is being mentioned as a leading manufacturer for Apple Car. It is presumed that Jony Ive, Apple's former Chief Design Officer (CDO), played an intermediary role at Church Capital IV, a special purpose acquisition company (SPAC) associated with Lucid Motors.

Lucid Motors' strong interest in autonomous driving technology is also one of the reasons it is attracting attention as a partner for Apple. Church Capital IV signed a merger agreement with Lucid Motors at the end of February. Lucid Motors will be listed on the Nasdaq market through this merger. The post-merger company valuation is estimated at $24 billion (approximately 26 trillion KRW).

Sewon supplies HVAC components for Lucid Motors' first mass-produced electric vehicle, the 'Lucid Air' model. Last year, it secured an order worth 6.3 billion KRW for electric vehicle header condensers. The Lucid Air is a pure electric vehicle regarded as a luxury sedan comparable to Tesla's Model S. Lucid Motors plans to launch the Lucid Air in the second half of this year.

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