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Koito Manufacturing Co ( (JP:7276) ) has shared an update.
Koito Manufacturing has completed its acquisition of Cepton, Inc., a U.S.-based company listed on NASDAQ, which will now operate as a subsidiary under the Koito group. This strategic move aims to strengthen Koito’s position in the LiDAR market, enhance its product offerings, and support the growth of a safe and secure mobility society by leveraging Cepton’s technology and development capabilities.
More about Koito Manufacturing Co
Koito Manufacturing Co., Ltd. operates in the automotive industry, primarily focusing on automotive lighting equipment. The company is enhancing its market focus by integrating LiDAR technology, a light-based sensor crucial for advanced driver-assistance systems (ADAS) and autonomous driving.
YTD Price Performance: -1.37%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.85B
Find detailed analytics on 7276 stock on TipRanks’ Stock Analysis page.
