2024. 11. 19. 09:46ㆍU.S. Economic Stock Market Outlook
The day before yesterday, I posted that the real problem was not the electric vehicle car, but the overvaluation of Korean battery stocks. Someone commented that the US electric vehicle market is only 10% open now. That's right. But is there a guarantee that the sales of Korean battery stocks will increase just because 90% of electric cars are still left?
The report was published by JPMorgan yesterday. In October, Chile's lithium export increased by +18 percent to the year-to-date ratio (YTD). By the way, exports to Korea fell by -40 percent. Then where did Chile's increased lithium export go? It was China.
Automakers are making up for the decline in demand for electric vehicles through price discounts. The most important position in discounting prices is batteries. LFP is the reason why lithium with that scent goes to China. For the Korean industry, which mainly focuses on ternary NCM batteries, the only thing left is high valuation.
Rumors of a paid-in capital increase of Samsung SDI are circulating in the market these days. Rumors of this coming from SDI, which is said to have the best financial structure among battery cell manufacturers, are all for a reason. That's why I ask battery investors to say this.
Beds are science, not furniture,
Batteries are a staple, not a religion!!