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

LG CHEM, LTD.

(A051910)
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Musk says Tesla 'Battery Day', shareholder meet likely on Sept. 15

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06/22/2020 | 08:38am EDT
FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai

Tesla Inc Chief Executive Elon Musk has said Sept.15 is the tentative date for the company's shareholder meeting as well as "Battery Day", at which the electric-car maker is expected to reveal significant advances in battery technology.

The battery event, which Musk has touted as being "one of the most of exciting days in Tesla's history", was previously scheduled for May, while the shareholder meeting was due on July 7.

Tesla said in a regulatory filing on Monday it was postponing the shareholder meeting "due to continuing restrictions on in-person gatherings imposed by the relevant governmental authorities." (https://bit.ly/3dp1nlm)

The company did not confirm the Sept. 15 date in the filing, but attached an image of Musk's tweet from Sunday night and said it will announce details, including the date, location and format at a later date.

The Battery Day will include a tour of the company's cell production system, Musk tweeted, without elaborating. (https://bit.ly/3fRpawd)

Tesla and China's Contemporary Amperex Technology Ltd are jointly developing batteries designed to last a million miles of use and enable electric Teslas to sell profitably for the same price or less than a gasoline vehicle, people familiar with the plans have said.

With a global fleet of more than 1 million electric vehicles that are capable of connecting to and sharing power with the grid, Tesla's goal is to achieve the status of a power company, competing with such traditional energy providers as Pacific Gas & Electric and Tokyo Electric Power, those sources said.

(Reporting by Subrat Patnaik in Bengaluru and Hyunjoo Jin in Seoul; Editing by Anil D'Silva, Edwina Gibbs and Arun Koyyur)

Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED -4.13% 207.03 End-of-day quote.94.58%
LG CHEM, LTD. 1.87% 544000 End-of-day quote.71.34%
PANASONIC CORPORATION 1.87% 1013 End-of-day quote.-1.60%
TESLA, INC. 1.93% 1476.885 Delayed Quote.269.57%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED 5.13% 328 End-of-day quote.-29.76%
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Financials
Sales 2020 31 548 B 26,2 B 26,2 B
Net income 2020 861 B 0,71 B 0,71 B
Net Debt 2020 8 906 B 7,39 B 7,39 B
P/E ratio 2020 46,2x
Yield 2020 0,61%
Capitalization 38 039 B 31 647 M 31 572 M
EV / Sales 2019
EV / Sales 2020 1 206x
Nbr of Employees -
Free-Float 58,0%
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Technical analysis trends LG CHEM, LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 30
Average target price 550 900,00 KRW
Last Close Price 544 000,00 KRW
Spread / Highest target 30,5%
Spread / Average Target 1,27%
Spread / Lowest Target -49,4%
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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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