[Special Stock] Tesla's Rapid Increase in Vehicle Numbers in India Boosts Secondary Battery Stocks

[Image source=Yonhap News]

On the 3rd, stocks related to secondary batteries showed a strong performance across the board in the Korean stock market. This is interpreted as being positively influenced by news that the number of vehicles delivered by the U.S. electric vehicle company Tesla to countries worldwide in the second quarter surged compared to the same period last year.

As of 9:30 a.m. on the day, Samsung SDI was trading at 696,000 KRW, up 4.04% from the previous trading day on the KOSPI market.

At the same time, SK Innovation, which has SK On as a subsidiary, was trading at 162,000 KRW, up 2.21% from the previous day. LG Energy Solution (1.81%), LG Chem (1.95%), and POSCO Future M (2.21%) also showed strong performance.

On the KOSDAQ market, EcoPro BM (2.61%), EcoPro (4.77%), and L&F (1.65%) were also showing an upward trend compared to the previous trading day.

The Wall Street Journal (WSJ) reported on the 2nd (local time) that Tesla's vehicle deliveries to various countries in the second quarter reached 466,000 units, an 83% increase compared to the same period last year.

This figure exceeds experts' expectations of 445,000 units.

The surge in Tesla's vehicle deliveries is believed to be due to the recent expansion of its factory in Austin, Texas, which increased production capacity. Additionally, aggressive price cuts are analyzed as a factor contributing to the increased demand.

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