ENPlus is showing strong performance. Following Moody's upgrade of Tesla's credit rating, Tesla's stock price surged the previous day, which is interpreted as having influenced domestic secondary battery-related stocks. Tesla's stock closed at $197.58, up 7.82% from the previous day.
As of 10:52 AM on the 22nd, ENPlus is trading at 7,020 KRW, up 15.44% from the previous day.
On the 20th (local time), international credit rating agency Moody's raised Tesla's long-term investment grade from ‘Ba1’ to the investment-grade ‘Baa3’ and gave a ‘stable’ outlook. It is known that ratings from ‘Baa3’ and above are considered investment grade.
Moody's forecasted that Tesla's vehicle deliveries this year will increase by 34% compared to last year, and regarding this rating upgrade, stated, “This reflects expectations that Tesla will remain one of the top electric vehicle companies through global business expansion.”
Earlier, ENPlus participated in ‘InterBattery 2023,’ the largest domestic battery exhibition held from the 15th to the 17th of this month, where it unveiled the ‘dry electrode’ technology that electric vehicle companies including Tesla are paying attention to. Additionally, it showcased pouch cells applied with LFP (Lithium Iron Phosphate) cathode materials developed with its own technology last year, as well as CNT (Carbon Nanotube) conductive materials, which have a high possibility of being adopted for all-solid-state battery materials.
LFP batteries have recently gained renewed attention as a main battery adopted by global automakers such as Tesla in the United States. LFP batteries have advantages such as lower risk of fire and cost competitiveness, but they have the disadvantage of reduced energy efficiency in cold winter temperatures. Recently, the industry has been working on improving these drawbacks through technological development.
Meanwhile, according to a recent media report, the Saudi International Industrial Valley Company (SIIVC) of Saudi Arabia, which has been delegated the authority to promote the ‘Saudi-Korea Industrial Complex Project (SKIV),’ is reported to have visited ENPlus's Gimje plant to conduct due diligence.
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