WiMi Hologram Cloud Inc. (WIMI) today on April 1, 2021, announced that it got approval certificate of Federal Communication Commission(FCC) for its WiMi HoloAR HUD, a holographic AR product of its electric vehicle, to enter into the U.S. market after which WIMI stock saw a push of 6.06% to reach $7.00 a share at the time of this writing. It seems that WIMI stock was performing well in the previous trading session and up by 8.02% at closing. Let’s deep dive to explore more of it.
What’s happening?
WiMi Hologram Cloud Inc. (WIMI) is the leading Augmented Reality based products and services provider in the Republic of China.FCC certificate for WiMi HoloAR HUD has added more hype to the rising stock price. It is mentioned in the certificate that the exterior design, as well as radiation patterns and data transmission protocols, are properly tested and certified by the FCC. Back in November, WIMI got its first approval certificate by FCC for its of WiMi Hologram Soft Light products to enter the U.S. market.
The advancement in the autonomous industry has greatly increased the demand for holographic AR applications by consumers and automakers. WiMi HoloAR HUD is the result of this huge demand that provides many features such as image processing, voice interaction, optical processes, cloud services, and many more. WiMi HoloAR HUD can perform many functions as it reads vehicle’s diagnostic data, runs background apps, enable Bluetooth connection, controls voice, displays tire pressure, and many more. These features make the WIMI product unique and add more value to the WIMI stock.
Plans of WIMI stock
WIMI management is planning to produce more solutions related to AR technology due to the increasing demand for AR-based products. WIMI will provide multiple solutions for holographic devices related to vehicles, vehicle chips, and vehicle software in order to meet the increasing demand for Holographic EV applications. Moreover, WIMI will continue to provide solutions related to the integration of holographic hardware and software for the development of more AR application products for the EV industry.
Conclusion:
WIMI stock is hot among the investors in the stock market due to the approval for its WiMi HoloAR HUD product by FCC. WIMI management is focused on the more advancement and development of Holographic AR application products for the EV industry. Hence investors should keep an eye on this stock.
