Apple hits electric car games… Busy looking for beneficiaries of’Ika’ in the securities industry

Input 2020.12.24 13:23

As Apple announced that it is developing an autonomous electric vehicle with the aim of launching it in 2024, attention is being drawn to which companies will benefit from domestic and overseas stock markets. At home and abroad, expectations for companies related to smart cars, autonomous driving, auto parts, and batteries are growing.

On the New York Stock Exchange (NYSE) last night, Apple closed at $130.96, down $0.92 (0.7%) from the previous day. The day before, Apple increased 2.85% with the news of self-driving electric vehicles, driving the increase in the NASDAQ index. On the same day, rival Tesla closed the deal for $640.34, down 1.46%.

Earlier, Reuters reported on the 21st (local time) that Apple will start manufacturing the electric vehicle’Icar (tentative name)’ applying next-generation battery technology with the goal of 2024. It is the first time that it has been mentioned until the specific production point, and the possibility of the time being postponed after 2025 was raised due to the outbreak of novel coronavirus infection (Corona 19).

In response to this news, Apple’s market capitalization increased by $62 billion (approximately 68,534.8 billion KRW) from $2.18 trillion to $2,242.2 billion. The market cap, which increased in one day, exceeded the total market cap of General Motors (GM), the largest US automaker, of $58.5 billion (about $64,6659 billion).

Developing’Advanced Driving Assistance System (ADAS)’ in the domestic stock market Mando (204320)On the 22nd and 23rd, the stock price rose 13.5% in two days. Making cameras and communication modules used for ADAS in the same period LG Innotek (011070)Rose 9.1%.

“In the case of LG Innotek, the investment point is no longer an increase in iPhone sales,” said Joo Joo Joo, a researcher at Meritz Securities. It is open,” he explained.

On the KOSDAQ Infobank (039290), Daesung Eltech (025440)Recorded the upper limit for two consecutive days. In a business report last year, Infobank revealed that it had succeeded in developing Apple’s CarPlay and Google Android solution technologies, and Daesung Eltec is developing technologies related to autonomous driving.

Same period Motrex (118990)Rose 12.1%, Hancom MDS (086960), Thinkware (084730)They also showed strength. Similar to Infobank, Motrex also obtained certification for self-driving infotainment (a device that provides in-vehicle information and entertainment) technology from Apple and Google.

In the New York stock market, Magna International, the world’s third-largest auto parts maker, rose 4.1% to gain strength. Magna supplies parts such as power trains (power transmission devices) to automakers. Magna was a company that discussed electric car production with Apple in the past.LG Electronics (066570)It also announced plans to establish a joint venture (JV) in the field of electric vehicle powertrain.

In addition, Velodyne Lidar and Lumina, which supply LiDAR sensors that detect the distance of objects around Apple’s test vehicles, have risen one after another. Lida, along with the camera, is a component that is evaluated as the core of autonomous driving technology, and both companies were listed through SPAC this year.

The views on Apple’s electric vehicle business on Wall Street are mixed. While there are opinions that this plan could be a reasonable attempt given Apple’s technological prowess and capital, there were concerns that it could turn into a business that failed to make a profit because there are already many competitors in the electric car market.

According to Business Insider on the 23rd (local time), Apple is considered one of the companies with the largest cash holdings in the United States. As of the end of September, the scale amounted to 191 billion dollars (about 210,615.7 billion won). The amount of cash secured so far by the EV startup Livian, invested by Amazon, is about 6 billion dollars (about 6,615 billion won).

Adam Jonas, an analyst at Morgan Stanley, said, “Apple can leverage its steady sales through subscription services,” he said. “He explained.

Barrance, an investment magazine, said, “The auto industry has a low return on cost. It’s not a good idea to pour out cash for a small margin.” He also pointed out that although it is true that the electric car market is growing, it is a situation where it is in a situation to compete with existing automakers such as Tesla, Volkswagen and BMW.