[Featured Stock] LIS Accelerates Global Battery Investment... Spotlight on Battery Pack Manufacturer Acquisition 'Strong'

[Asia Economy Reporter Hyunseok Yoo] LIS is showing strong performance. It appears to be influenced by the news that Mercedes-Benz is investing 40 billion euros in electric vehicle investments.

As of 2:34 PM on the 23rd, LIS was trading at 6,820 KRW, up 6.23% (400 KRW) compared to the previous trading day.

According to major foreign media, Mercedes-Benz announced plans to develop three dedicated electric vehicle platforms by 2025 and produce batteries in-house. They aim to establish eight factories worldwide in cooperation with partners in Europe and Asia, securing a production capacity of 200 GWh (gigawatt-hours). Additionally, they plan to invest 40 billion euros (approximately 54.2244 trillion KRW) in converting all vehicle models to electric vehicles.

Along with this, on the 20th (local time), the major U.S. bank Bank of America (BoA) forecasted a global electric vehicle (EV) battery shortage by 2025.

The Korean government also announced on the 22nd that it will invest more than 2 trillion KRW in the semiconductor, battery,·and vaccine sectors, which were selected as national strategic technologies, and will significantly increase tax credits for research and development (R&D)·and facility investments.

LIS announced last month that it would acquire a 44% stake in TiND, an electric vehicle battery pack manufacturer, to enter the secondary battery market.

TiND specializes in cooling packs that prevent performance degradation of electric vehicle batteries and produces energy storage systems (ESS) and busbars. It is known to have succeeded in developing electric vehicle battery cases supplied to global secondary battery companies.

This content was produced with the assistance of AI translation services.