Hyperdrive
Tesla Boom Supercharges Stock of World’s Biggest EV Battery Firm
- Korea’s LG Chem has become world’s top EV battery maker
- Shares are up about 60% in 2020 on growing EV dominance
An LG Chem Ltd. plant at the Yeosu Industrial Complex in Yeosu, South Korea.
Photographer: SeongJoon Cho/Bloomberg
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The global frenzy for electric vehicles that has seen Tesla Inc.’s stock surge threefold is now juicing the shares of a South Korean supplier that has become the world’s biggest maker of electric vehicle batteries.