Three K-batteries on the wing of an electric vehicle “The emergence of next-generation batteries is a variable”

Input 2021.01.05 16:35

The stock prices of the three domestic battery companies are shaking. With the expectation that the electric vehicle market will grow in earnest this year, optimism about 4Q results has been combined. However, next-generation batteries such as solid-state batteries that can threaten the market share of companies are attracting attention, and various variables such as electric vehicle recall issues are still catching up.

From the first stock market trading day of the new year, the stock prices of domestic battery makers are rising day after day. 5th in the securities market SK innovation (096770)Ended the transaction at 244,000 won, up 13,000 won (5.6%) from the previous day.

Samsung SDI (006400), LG Chem (051910)Rose 2.2% and 0.5%, respectively. The day before, SK Innovation recorded 21.6%, and Samsung SDI and LG Chem recorded an increase of 6~7%.

SK Innovation recorded the highest increase in November’s cumulative sales volume compared to the same period last year at 245%. Following this, LG Chem and Samsung SDI recorded 142% and 74%, respectively. In contrast, CATL showed 3%, while Panasonic and BYD showed -8% and -36%, respectively.

Securities companies predicted that the three companies’ earnings in the fourth quarter of last year will improve significantly. Financial information provider F&Guide (064850)According to the report, the average of LG Chem’s fourth-quarter earnings forecast is 8,638.6 billion won in sales and 8293 billion won in operating profit. The operating profit of LG Energy Solutions, which is in charge of the battery division, was estimated at 200 billion won.

During the same period, Samsung SDI is expected to turn profitable for the first time in the mid- to large-sized battery division, including electric vehicle batteries. Expected sales and operating profit to increase by 25.4% YoY to KRW 3,538.2 billion and 1486% to KRW 3192 billion. In the case of SK Innovation, the deficit is expected to shrink.

Kang Dongjin Hyundai Motor Securities (001500)“Competition is intensifying as existing automobile companies including Tesla launch electric vehicles,” said the researcher. “There is a supply and demand problem in the battery market, and we expect LG Chem and Samsung SDI to continue to strengthen related material companies. did.

Global electric vehicle sales have continued to hit monthly highs since July last year, freeing from the aftermath of the novel coronavirus infection (Corona 19). As of November last year, worldwide sales reached 700,000 units, up 58% from the same period last year. By region, sales in Europe increased by 106%, and China (60%) and the United States (28%) rebounded successfully.

Kim Jun-hwan, a researcher at Hanwha Investment & Securities, said, “The sales volume in the United States is insufficient compared to other regions, but the scale will gradually increase due to policy changes.” “It’s good.”

Of course, it is not without any uncertainty. Recently, investors are paying attention to all-solid-state batteries that use solids instead of lithium-ion battery electrolytes that are becoming mainstream. This is because the risk of explosion is relatively low and the charging time is short. While preparing its self-driving electric vehicle, Apple also proposed a new battery concept.

Jeonghoon Jang Samsung Securities (016360)The researcher said, “The stock price of the domestic battery value chain has hit a year-round high or an all-time high,” said the researcher. Said. “The recall problem caused by electric car fires, etc. is also an issue that raises anxiety for investors.”

However, he said, “These variables will not hold back the growth of electric vehicles or degrade the competitiveness of domestic batteries.” Will,” he added.