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Expectations for secondary battery stocks are soaring sky-high.
Along with the surge in stock prices of the US electric vehicle manufacturer Tesla, environmental regulations such as carbon dioxide restrictions in the European region are being strengthened, leading to forecasts of a massive increase in electric vehicle production.
Predictions also indicate that the production volume of secondary batteries, the core component of electric vehicles, will surge dramatically, showing a tremendous spike after the COVID-19 shock.
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Additionally, news that the battery supply volumes of Korea's top three battery companies have all entered the global top 10 is shaking shareholders' confidence.
Electric vehicle supply is expected to steadily expand in the future, and demand for high-capacity batteries is also expected to increase, making the more than 50% surge in related stocks just the beginning.
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Jeon Jeong-hyun, an expert at the securities specialized broadcast ITBC Stock, predicted, "Domestic secondary battery companies are currently undervalued by about 40% compared to overseas companies. As profitability improves, it is certain that they will rise more than 10 times in the future."
Meanwhile, the securities specialized broadcast ITBC Stock is distributing information on secondary battery stocks expected to surge through the link below.
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Stocks of Interest: CMG Pharm, Newflex, EDGC, Jooyon Tech, TK Chemical
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