Kanavi Mobility CI.

Kanavi Mobility, a specialized mobility solutions corporation for manufacturing automotive navigation and Lidar (Light Detection and Ranging), is challenging to list on the KOSDAQ market.

On the 14th, Kanavi Mobility noted that it submitted an initial listing review application for KOSDAQ market listing to the Korea Exchange KOSDAQ Office on the 11th. The underwriting firm is DAISHIN SECURITIES.

Kanavi Mobility, established in 2001, is a manufacturer specializing in automotive electronic components. Initially focused on navigation production, it expanded to include Hi-Pass and black boxes, establishing its presence in the vehicle aftermarket business.

In 2018, it expanded its business area with the development of autonomous driving Lidar sensors and communication devices. In 2022, it acquired Humax Automotive, a vehicle infotainment corporation, increasing its size.

Last year, it recorded a consolidated revenue of 139.7 billion won and an operating profit of 12.2 billion won. The number of shares expected for the public offering is 1.5 million.

Kanavi Mobility is expected to use the funds from the listing to expand its ship manufacturing business. It secured electric-powered ships as a new growth engine and launched the electric-powered ship Central Canal in Songdo, Incheon, in 2023.

Kanavi Mobility stated, “We will stably continue the existing electronic component industry and accelerate the promotion of new businesses to transform into a smart mobility corporation.”

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