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South Korea's Three Major Battery Makers Rally on Q2 Profitability Turnaround

2026-08-05 11:45:20

Samsung SDI2.32%

LG Energy Solution2.91%

SK Innovation10.31%

According to the Korean Exchange, South Korea's three major battery makers—Samsung SDI, LG Energy Solution, and SK Innovation—rallied today (August 5) after all three posted turnaround profits in the second quarter, marking recovery from the electric vehicle market slowdown. Analysts cited growing policy support, including discussions around a Korean-equivalent inflation reduction initiative, as additional upside drivers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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