[Special Stock] LG Ensol Rises on Expectations of Positive Policy Changes Related to Electric Vehicles

LG Energy Solution's stock price is on the rise. Expectations of positive policy changes related to electric vehicles in various countries appear to be influencing the stock price.

As of 9:59 AM on the 7th, LG Energy Solution is trading at 424,000 KRW, up 5.08% from the previous day.

Kim Cheol-jung, a researcher at Mirae Asset Securities, said, "Positive changes in policies, which are key variables in estimating industrial demand for next year, are being detected." He added, "In Europe, which is facing an extreme crisis in the automotive industry, movements to resume electric vehicle subsidies are being observed starting with Germany." Furthermore, he noted, "In the United States, Harris's approval rating has risen since last month's presidential debate, and there is opposition within the Republican Party to repealing the Inflation Reduction Act (IRA)." He analyzed, "Even considering the possibility of Trump's election, given the time required for passage through both the House and Senate, significant downward revisions to actual U.S. electric vehicle demand and industrial performance estimates are limited."