[E-Daily Reporter Shin Ha-yeon ] #MOTIVELINK CO.,LTD is up by about 6% in early trading.
According to MP Doctor on the 10th, as of 9:21 a.m. today, MOTIVELINK CO.,LTD is trading at 4,410 won, up 6.27% (260 won) from the previous trading day.
This is believed to have boosted investor sentiment after the company announced this morning that it is expanding its portfolio of modular products—such as power conversion modules and circuit modules—based on its accumulated technological expertise in key electric vehicle power conversion components, including ICCUs (Integrated Charging Control Units) and transformers.
As the electric vehicle market becomes more sophisticated, demand for electronic modules that integrate multiple functions is growing rapidly, outpacing demand for individual components. Global market research firm Global Market Insights forecasts that the market for electronic modules—which include power control devices—will grow to approximately $450 billion (about 600 trillion won) by 2032.
Based on its experience in developing high-voltage power conversion components for electric vehicles and its track record of supplying global customers, MOTIVELINK CO.,LTD plans to expand the supply of modular solutions for the next-generation electrification platforms of automakers and Tier-1 suppliers.
In particular, the company expects to further strengthen its business competitiveness through its recent collaboration with DONGYANG E&P INC. The company’s strategy is to leverage DONGYANG E&P INC.’s mass production infrastructure and power device manufacturing capabilities to establish a vertically integrated system spanning from automotive component development to module production, thereby enhancing cost competitiveness and its ability to serve global customers.
A MOTIVELINK CO.,LTD official stated, “The EV electronics market is rapidly shifting from the supply of individual components to the supply of integrated modules,” adding, “Through our collaboration with DONGYANG E&P INC., we will strengthen our manufacturing and quality competitiveness and secure a differentiated competitive edge in the high-value-added automotive electronics module market.”