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In a significant move to foster collaboration between India and Korea in the electric vehicle sector Mercury EV Tech a leading electric vehicle company held a crucial meeting with a delegation from the Korea Smart e-Mobility Association (KEMA). The aim of the meeting was to explore joint ventures for the development of electric two-wheelers and lithium-ion batteries. This meeting held at the prestigious Gujarat Chamber of Commerce & Industry (GCCI) marks a potential turning point in the global EV industry. The meeting was attended by 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 the company said in an exchange filing. The stock of Mercury EV Tech has been gaining momentum over the past two days with a notable increase of 5.67 per cent. This surge can be attributed to [specific reasons such as positive market sentiment recent company announcements or industry developments]. After two days of sharp decline the equity benchmark indices Sensex and Nifty showed signs of recovery in early trade on Friday. This rebound driven by value-buying at lower levels brings a ray of hope for the markets stability. The 30-share BSE Sensex climbed 197.11 points to 80277.68 in initial trade. The 50-share NSE Nifty went up by 63.45 points to 24564.35. From the Sensex firms Hindustan Unilever Trent Asian Paints ITC Kotak Mahindra Bank and UltraTech Cement were among the major gainers. However Mahindra & Mahindra NTPC Eternal and Infosys were among the laggards. On Thursday the Sensex tanked 705.97 points or 0.87 per cent to settle at 80080.57. The Nifty dived 211.15 points or 0.85 per cent to 24500.90. Story Highlights Mercury EV Tech a leading electric vehicle company held a crucial meeting with a delegation from the KEMA. The aim of the meeting was to explore joint ventures for the development of electric two-wheelers and lithium-ion batteries The stock of Mercury EV Tech has been gaining momentum over the past two days with a notable increase of 5.67 per cent. From the Sensex firms Hindustan Unilever Trent Asian Paints ITC Kotak Mahindra Bank and UltraTech Cement were among the major gainers.