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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  LG Chem, Ltd.    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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Hyundai, LG Chem draw contest to invest in EV and battery startups

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06/22/2020 | 03:16pm EDT

South Korea's Hyundai Motor Group and battery maker LG Chem Ltd on Monday launched a global contest to identify up to 10 electric vehicle and battery startups for potential investment and development of environment-friendly automobiles.

The companies said they aim to select startups with technological capabilities to help the development of future non-polluting cars through the competition, called 'EV and Battery Challenge'.

Automakers world over are making massive investments in zero-emission and self-driving technology as they look to move away from traditional internal combustion engines that produce carbon emissions to tackle global warming.

Hyundai Motor Group, which includes Hyundai Motor Co and sister company Kia Motors, has earlier said it plans to deploy 44 eco-friendly automobiles by 2025, including 23 electric vehicles.

Earlier this year, LG Chem was chosen https://in.reuters.com/article/hyundai-motor-lg-chem-electric-batteries/hyundai-motor-group-to-get-electric-vehicle-batteries-from-lg-chem-idINKBN23322X as one of the battery suppliers for Hyundai Motor Group's upcoming new electric vehicles.

Applications for the competition are open through Aug. 28.

"Start-ups that have working prototypes and are building technologies in EV charging and fleet management, power electronics and components...are strongly encouraged to participate," the companies said.

(Reporting by Shreyasee Raj in Bengaluru; Editing by Shinjini Ganguli)

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION 2.01% 15200 End-of-day quote.-15.08%
HYUNDAI MOTOR COMPANY 7.84% 144500 End-of-day quote.19.92%
KIA MOTORS CORPORATION 2.55% 42150 End-of-day quote.-4.85%
LG CHEM, LTD. 1.49% 680000 End-of-day quote.114.17%
LG CORP. 0.36% 82600 End-of-day quote.11.92%
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Financials
Sales 2020 31 371 B 26,4 B 26,4 B
Net income 2020 1 166 B 0,98 B 0,98 B
Net Debt 2020 8 752 B 7,38 B 7,38 B
P/E ratio 2020 43,2x
Yield 2020 0,49%
Capitalization 54 092 B 45 615 M 45 600 M
EV / Sales 2020 1 725x
EV / Sales 2021 1 417x
Nbr of Employees -
Free-Float 58,0%
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Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 657 866,67 KRW
Last Close Price 680 000,00 KRW
Spread / Highest target 17,6%
Spread / Average Target -3,25%
Spread / Lowest Target -48,5%
EPS Revisions
Managers
NameTitle
Hak Cheol Shin Vice Chairman & Chief Executive Officer
Okdong Son President
Jin-Soo Park Vice Chairman
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
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