[Featured Stock] Autonomous Driving-Related Stocks Surge on '2025 Apple Car Launch' News... Infobank Hits Upper Limit

by Gi Yeonjin

Published 19 Nov.2021 10:31(KST)

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Following the news that Apple will launch a self-driving car in 2025, domestic companies related to autonomous driving saw their stock prices surge on the 19th.

Infobank is trading at 12,900 KRW on the KOSDAQ market, up 29.91% from the previous day. The company is developing autonomous driving platforms and connected car solutions, making it a key player in the autonomous driving sector.

Motrex, a developer of in-vehicle infotainment (IVI) systems, and Mobile Appliance, a specialist in smart autonomous driving solutions, also rose 18.43% and 16.02%, respectively, compared to the previous trading day. Obigo, a company developing smart car software platforms, recorded a 13% increase.

Earlier, Bloomberg reported on the 18th (local time) that Apple has advanced its internal development schedule, which was originally set for 5 to 7 years later, aiming to launch a self-driving car in 4 years, in 2025.

According to the report, the ‘Apple Car’ will have no steering wheel or accelerator, and passengers will be able to sit facing each other. It will also feature a large touchscreen using an iPad for infotainment.