Battery-related shares in Korea climbed sharply on October 14 after Tesla’s strong overnight rally on Wall Street, with LG Energy Solution (373220) leading the gains across the secondary battery sector.
As of 10:29 a.m., LG Energy Solution was trading at 386,500 won, up 7.36% from the previous session, after briefly rising to 389,000 won earlier in the morning.
Other major battery stocks also advanced, including LG Chem (051910) up 4.43%, Samsung SDI (006400) up 3.56%, and POSCO Holdings (005490) up 1.10%.
The rally followed Tesla’s 5.42% surge overnight in New York, spurred by reports that the U.S.-China trade tensions had eased and that Tesla had expanded electric vehicle production in China — bolstering investor sentiment toward EV and battery stocks.
Adding further momentum, LG Energy Solution’s announcement of better-than-expected third-quarter results the previous day and analysts’ optimistic outlook for continued strong performance supported buying interest in the sector.
Cho Hyun-ryul, an analyst at Samsung Securities, wrote in a report that, “To sustain earnings through the first half of 2026, Korean battery makers will need strong demand from U.S. energy storage systems (ESS) and electric vehicle sales outside the U.S. and Europe — conditions that only LG Energy Solution currently satisfies.”
He added, “Given its expanded production of lithium iron phosphate (LFP) batteries for the U.S. ESS market and robust sales of derivative EV models from leading automakers in China and Europe, LG Energy Solution is expected to maintain solid results through the first half of next year.”
Battery-related shares in Korea climbed sharply on October 14 after Tesla’s strong overnight rally on Wall Street, with LG Energy Solution (373220) leading the gains across the secondary battery sector.
As of 10:29 a.m., LG Energy Solution was trading at 386,500 won, up 7.36% from the previous session, after briefly rising to 389,000 won earlier in the morning.
Other major battery stocks also advanced, including LG Chem (051910) up 4.43%, Samsung SDI (006400) up 3.56%, and POSCO Holdings (005490) up 1.10%.
The rally followed Tesla’s 5.42% surge overnight in New York, spurred by reports that the U.S.-China trade tensions had eased and that Tesla had expanded electric vehicle production in China — bolstering investor sentiment toward EV and battery stocks.
Adding further momentum, LG Energy Solution’s announcement of better-than-expected third-quarter results the previous day and analysts’ optimistic outlook for continued strong performance supported buying interest in the sector.
Cho Hyun-ryul, an analyst at Samsung Securities, wrote in a report that, “To sustain earnings through the first half of 2026, Korean battery makers will need strong demand from U.S. energy storage systems (ESS) and electric vehicle sales outside the U.S. and Europe — conditions that only LG Energy Solution currently satisfies.”
He added, “Given its expanded production of lithium iron phosphate (LFP) batteries for the U.S. ESS market and robust sales of derivative EV models from leading automakers in China and Europe, LG Energy Solution is expected to maintain solid results through the first half of next year.”