Posted : 2021-05-04 15:18
By Baek Byung-yeul
With LG Energy Solution and SK Innovation ending their dispute over battery technology for electric vehicles (EVs) last month, domestic makers of components, parts and materials in the industry have come under the spotlight with the expectation that large-scale orders will resume in the United States and Europe, analysts said Tuesday.
The intellectual property battle between the two Korean battery giants created negative sentiment on related companies here, but now that they have settled the dispute, they are expected to see increased orders, the analysts added.
They also said carmakers efforts to develop their own in-house battery-making technologies to reduce their dependency on standalone makers has also made investors attach more value to these local firms in the EV business ecosystem.