[Featured Stocks] Saeronics and L&F Expected to Supply Tesla with 6 Trillion KRW Cathode Materials... Major Shareholder Spotlight↑

[Asia Economy Reporter Jang Hyowon] Saeronix is showing strong performance. This is interpreted as Saeronix, the largest shareholder of L&F, gaining attention following news that L&F is expected to supply cathode materials worth 6 trillion won to Tesla.

As of 9:19 AM on the 20th, Saeronix is trading at 20,900 won, up 4.5% from the previous day.

According to industry sources, as Tesla begins direct battery production, the possibility of large-scale supply from domestic cathode material manufacturers is increasing.

Researcher Kim Cheoljung of Mirae Asset Securities stated, “L&F has exported 3,500 tons of cathode materials, presumed to be for Tesla’s 4680 battery mass production, to the United States,” adding, “Accordingly, L&F is expected to proceed with orders in the first half of the year and supply cathode materials to Tesla.” Researcher Kim projected that L&F will supply cathode materials worth 6 trillion won to Tesla between 2024 and 2025.

Meanwhile, Saeronix holds a 14.44% stake in L&F as its largest shareholder. Including stakes held by its subsidiary Kwang Sung Electronics Inc., affiliated company Kwang Sung Electronics, and other special related parties, the total ownership amounts to 23.93%.

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