- Borqs Technologies, Inc BRQS collaborated with QUALCOMM Incorporated QCOM and other major chipset vendors to engage in the R&D and sales of automobile telematics products primarily for the India and Southeast Asia markets.
- The products include an in-vehicle-infotainment system (IVI) and Telematics Control Unit (TCU) for two and three-wheelers – also called electric scooters or E-bikes.
- India's total sales of electric two-wheelers, including high-speed and low-speed, CY21 increased by 132% year on year.
- The high-speed electric two-wheelers, with speeds greater than 25 km/h, registered a whopping 425% growth, while the low-speed ones grew only by 24%.
- Price Action: BRQS shares traded higher by 20% at $0.43 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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