Auto Stock Steps Up Lithium-Ion Battery Push With Korean Collaboration; Shares Zoom Over 8%

Mercury Ev-Tech reported on Thursday, August 28, that a team from the Korea Smart e-Mobility Association (KEMA) met at the Gujarat Chamber of Commerce & Industry (GCCI). Facilitating technical knowledge transfer between Korea and India for the advancement of lithium-ion batteries and electric two-wheelers was the aim of the conference.

Following the announcement, Mercury Ev-Tech's share price opened the session at Rs 51.98 on Friday, August 29 and jumped 8.82% to hit an intraday high of Rs 54.30 from the previous close. The stock continued to rise throughout afternoon trading, gaining a robust 4.01% from the previous close of Rs 49.90. The company's market value was Rs 986 Cr. The stock is now trading at Rs 51.86, indicating a modest 15.24% rebound from its 52-week low of Rs 45.00, which was reached on August 19, 2025. Nonetheless, it is still far lower than its 52-week high of Rs 139.20, which was reached on October 3, 2024, representing a sharp drop of around 62.77% from its peak.

"The meeting was attended by Mr. 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. From our company, Chairman and Managing Director, Mr. Jayesh Thakkar and Executive Director, Mr. Darshan Shah attended the meeting," said Mercury Ev-Tech in a stock exchange filing.

Showrooms such as the EV one at Jashonath Circle serve as a head office for Mercury EV tech to forward their goal of "Make in India", it further supports the "Make in India" initiative. Chairman Shri Jayesh Thakkar accentuated the Indian EV industry's efforts towards self-reliance, offering a full spectrum of electric vehicles, ranging from two-wheelers to tempos, further adding to their "Make In India" principle. Thakkar aims to reduce pollution in the country with the EV industry's full spectrum offering.

Furthermore, the expansion of the lithium battery store in Vadodara highlights its expansion into the storage battery sector. As a result of the EV industry, mercury EV tech will gain a substantial position in India's economy with the support of its strong reputation, branding, and finances. Such rapid expansion will enhance the electromobility industry at a frontier pace.

A variety of electric vehicles (EVs) and associated products are produced and traded by Mercury Ev-Tech Ltd., an Indian company. After meeting with representatives from the Korea Smart e-Mobility Association (KEMA) to discuss possible partnerships in EV technology and lithium-ion battery production, the firm has been in the news for building new showrooms in Gujarat and for its attempts to grow its business.