[Featured Stock] Sewon, Rivian R1T 'Truck of the Year'... Spotlight on HVAC Parts

[Asia Economy Reporter Hyunseok Yoo] Sewon is showing strength following the news that the electric pickup truck 'R1T' made by the US electric vehicle company Rivian has been selected as the 'Truck of the Year.'

As of 2:21 PM on the 14th, Sewon was trading at 4,395 KRW, up 3.90% (165 KRW) compared to the previous trading day.

According to foreign media reports such as CNBC on the 13th (local time), Rivian's electric pickup truck R1T won the '2022 Truck of the Year' award, which is equivalent to the 'Car of the Year' award given by the automotive magazine MotorTrend.

MotorTrend stated, "Rivian's electric truck R1T is the most amazing truck we have ever driven," and evaluated that "R1T excelled over other candidates in six categories including safety and efficiency."

Rivian, known as the 'second Tesla,' attracted more attention by winning over competitors such as Maverick (Ford), Hummer EV (GMC), and Santa Cruz (Hyundai Motor Company).

Sewon supplies parts used in the air conditioning system of Rivian's electric pickup truck 'R1T.' It secured orders worth 16.6 billion KRW this year for header condensers and related parts. In addition to Rivian, Sewon supplies air conditioning parts for major models of global electric vehicle companies such as Lucid Motors' luxury sedan 'Lucid Air' and Ford's Lightning electric pickup truck 'F-150.'

Furthermore, Sewon is expanding synergies in various business areas including electric vehicle parts business with its largest shareholder Polaris Office (041020), Polaris Group affiliates Polaris Works (123010), and Polaris Uno (114630).

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