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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. 

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.