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In a significant move to foster collaboration between India and Korea in the electric vehicle sector, Mercury EV Tech, a leading electric vehicle company, held a crucial meeting with a delegation from the Korea Smart e-Mobility Association (KEMA). The aim of the meeting was to explore joint ventures for the development of electric two-wheelers and lithium-ion batteries. This meeting, held at the prestigious Gujarat Chamber of Commerce & Industry (GCCI), marks a potential turning point in the global EV industry.
“The meeting was attended by Deuk-un Lee, Chairman of KEMA and Chairman of HB e-Mobility; Prof. Jung-Suk Ryou, Chief Representative for India, KEMA; Mr. Suchang Oh, Chief Representative for Indonesia, KEMA; and Dr. Im Ki Seo, Managing Director, KEMA. Officials of GCCI were also present,” the company said in an exchange filing.
The stock of Mercury EV Tech has been gaining momentum over the past two days, with a notable increase of 5.67 per cent. This surge can be attributed to [specific reasons such as positive market sentiment, recent company announcements, or industry developments].
After two days of sharp decline, the equity benchmark indices Sensex and Nifty showed signs of recovery in early trade on Friday. This rebound, driven by value-buying at lower levels, brings a ray of hope for the market’s stability.
The 30-share BSE Sensex climbed 197.11 points to 80,277.68 in initial trade. The 50-share NSE Nifty went up by 63.45 points to 24,564.35.
From the Sensex firms, Hindustan Unilever, Trent, Asian Paints, ITC, Kotak Mahindra Bank and UltraTech Cement were among the major gainers.
However, Mahindra & Mahindra, NTPC, Eternal and Infosys were among the laggards.
On Thursday, the Sensex tanked 705.97 points or 0.87 per cent to settle at 80,080.57. The Nifty dived 211.15 points or 0.85 per cent to 24,500.90.
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