![]() ![]() 10, CEO Kwon Young-soo said the company will increase its battery production capacity 2.6 times over three years to 400 gigawatt-hours. With demand for EV batteries poised to surge, some market watchers believe LG Energy's market cap is on track to reach the 200 trillion won mark.Īt an event on Jan. Bids from institutional investors outpaced the supply of shares by more than 2,000 to 1. ![]() The supersized IPO by the world's second-largest maker of electric-vehicle batteries has whipped up a frenzy in South Korea. If successful, this would give LG Energy a valuation of around 70 trillion won, putting it behind only Samsung Electronics and SK Hynix on the Korea Exchange. 27 - more than double the current record in South Korea of 4.9 trillion won held by Samsung Life Insurance in 2010. LG Energy and parent LG Chem aim to raise 12.75 trillion won ($10.7 billion) through the former's initial public offering on Jan. SEOUL/GUANGZHOU - South Korea's LG Energy Solution has its sights on taking the EV battery crown from China's CATL, with plans to expand production in six countries and to develop cutting-edge power cells with the proceeds of its potentially record-breaking stock market debut. ![]() KOTARO HOSOKAWA and TAKASHI KAWAKAMI, Nikkei staff writersJanu12:44 JST Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.LG Energy Solution ranks a close second in global EV battery market share, behind China's CATL. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim Farooque is a keen investor and an optimist at heart. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines Therefore, there is plenty to look forward to with Albemarle and its operations in the coming years. Moreover, it also expects its EBITDA to fall between $2 billion to $3 billion, representing a three-fold increase from this year. It expects to deliver sales between $6 billion to $7 billion, representing a massive bump from its 2021 revenues of roughly $3.2 billion. The company looks set for strong long-term growth ahead, given its lofty goals for 2026. Moreover, the company has invested heavily to expand its productive capacity in its mines in Chile and Australia. Naturally, the demand for its lithium products will grow in line with EV demand. Though it operates a diversified business, lithium represents 41% of its total revenues and the best growth prospects. With that being said, let’s look at three needle-movers in the sector, which continue to perform impressively.Īlbemarle is the largest lithium producer globally. Moreover, EV batteries, in particular, come in different sizes and chemistries, which have a major impact on performance. The world’s battery economy will restructure age-old supply chains, making battery stocks one of the most lucrative investment options.īillions are being spent on improving battery durability, power capabilities, portability, charge times, and safety. The booming EV sector will be the biggest growth driver for battery stocks as we advance.Īccording to Market Research Future, the EV battery market will be worth $192.29 billion by 2030, with an incredible growth rate of 33.7% from 2022 to 2030. The demand for batteries is only rising as they become increasingly popular in electric vehicles (EVs), cloud computing, charging devices, and others. The battery industry has been experiencing rapid growth in recent years, with investors worldwide noticing. ![]()
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