Korean cathode stocks soar as manufacturers qualify for U.S. IRA tax credits
newscatcher
2023-04-03 02:37
Korean cathode stocks soar as manufacturers qualify for U.S. IRA tax credits
EcoPro BM Co. logo [Courtesy of EcoPro BM]South Korea's electric vehicle (EV) battery-related stocks are on a rise, exceeding market expectations, as the U.S. government unveiled guidelines last week that cathode and anode materials processed in Korea will be eligible for tax credits.Shares of EcoPro BM Co. and L&F Co., both Korean cathode manufacturers, have gained 140 percent and 69 percent, respectively, this year, to become the No. 1 and No. 3 stock in the secondary Kosdaq market. EcoPro Co., the parent company of EcoPro BM, the second-largest market cap stock, soared 353 percent this year alone.

https://n.news.naver.com/mnews/article/009/0005110666?sid=104

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