[Featured Stock] L&F Surges 11% on 'Prospect of Securing New Clients'

When prospects for acquiring new clients emerge, L&F is showing a surge of over 11%.

As of 9:34 AM on the 27th, L&F was trading at 299,000 KRW, up 31,000 KRW (11.57%) from the previous trading day.

On this day, Meritz Securities explained that L&F is highly likely to secure new top-tier clients, including Tesla, in addition to its existing main client LG Energy Solution this year. They further projected the sales composition by client for 2025 as LG Energy Solution 50%, Original Equipment Manufacturer (OEM) 30%, and SK On 20%, stating, "The OEMs for direct supply are mainly Tesla, which has initiated a battery internalization strategy, and it is highly likely that VW, which recently announced a battery internalization strategy, and Ford, which hinted at LFP mass production, will be included."

They added, "The new client is presumed to be Panasonic, which has a high business linkage with L&F's U.S. business partner."