IMOTIONTECH (01274) Receives "Development Nomination Notice" from a Korean Automotive Group

Stock News01-13

IMOTIONTECH (01274) announced that the company has recently received a "Development Nomination Notice" from a Korean automotive group (this new client). The company has been selected by this new client as the supplier for integrated driving-parking combined assisted driving solutions across four vehicle models, providing solutions based on Horizon Robotics's Journey® series computing platform. The anticipated sales volume for these combined assisted driving solutions over the full lifecycle of the four models (from 2026 to 2033) is expected to reach one million units, with nearly half of these units destined for overseas markets. This collaboration with the Korean automotive group not only represents a critical breakthrough in the company's international expansion strategy but also demonstrates that its systematic capabilities meet the high standards required by the global market, further solidifying and enhancing its market competitiveness. The company will actively advance the aforementioned research and development projects. Given the inherent risks and uncertainties in the research and development process for combined assisted driving solutions, the company will diligently proceed with product development while simultaneously strengthening risk management and control to mitigate potential impacts from market fluctuations.

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