[Click eStock] "Secondary Batteries, Too Early to Judge Uncertainty Resolution"

Daol Investment & Securities analyzed on the 3rd that it is too early to resolve the uncertainty regarding battery demand in the secondary battery sector.

On the previous day, secondary battery-related stocks, including LG Energy Solution, which rose by 6.2%, Samsung SDI, EcoPro BM, POSCO Future M, and Enchem, all rose together.

Jeon Hye-young, a researcher at Daol Investment & Securities, explained, "The secondary battery sector rose based on the highlighted issue of the EU's intensified carbon dioxide emission regulations scheduled to be implemented from next year and the rebound in cathode material export volume in August."

She added, "The EU decided to lower the average carbon dioxide emissions of new passenger car sales to 93.6g/km or less starting next year," and "Since this will be applied equally to all vehicles without average weight adjustment from next year, manufacturers like Ford and Volkswagen Group, which produce heavier-than-average vehicles, will have to make significant efforts to reduce carbon emissions."

She emphasized, "The export volume of domestic cathode material products in August was 450,000 tons, an increase of 17.3% compared to the previous month," and "Exports are likely to increase for the time being."

However, the researcher judged, "It is still too early to resolve the uncertainty about Korean battery demand," explaining, "Because a sharp recovery in electric vehicle sales has not yet been seen in major regions such as Europe and the United States." She added, "Since the timing of sales recovery is uncertain, it is necessary to confirm a rebound in monthly electric vehicle sales data," and explained, "Separately from market recovery, companies that can improve performance in the second half of the year include LG Energy Solution and EcoPro Materials."

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