1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. LG Chem, Ltd.
  6. News
  7. Summary
    A051910   KR7051910008


End-of-day quote Korea Stock Exchange  -  05-26
550000.00 KRW   +3.00%
05/20S.Korean stocks end higher, post biggest weekly gain in 2 months
05/16LG Chem, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
05/16LG Chem, Ltd. Develops Advanced Plastic Product to Prevent Thermal Runaway in EV Batteries
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cybertrucks, new factories in focus as Tesla set to report record earnings

01/25/2022 | 06:12am EDT
Tesla Cybertruck replica is seen in Mostar

SAN FRANCISCO (Reuters) - Tesla Inc is expected to post record revenue on Wednesday, but analysts and investors are focusing on how fast Tesla can scale up production at two new factories this year with technology changes as well as battery and other supply chain constraints clouding the outlook.

Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.

"I would not be surprised if Tesla has some significant manufacturing challenges, producing the new vehicle structures and new batteries in high volumes," Guidehouse Insights analyst Sam Abuelsamid, said.

Tesla has weathered the global supply chain crisis better than other automakers, producing a record number of vehicles and revenue is expected to rise 52% in the fourth quarter to $16.4 billion, according to Refinitiv data.

Automotive gross margin excluding regulatory credits are expected to be flat or up slightly from the previous quarter, despite an inflationary environment which has a negative impact on component costs, said Gene Munster, managing partner at venture capital firm Loup Ventures.


Analysts said Tesla's two new factories in Texas and Berlin eventually could double Tesla's production capacity, but it is not clear whether Tesla started production.

Musk said new factories will use manufacturing technology such as casting the body in only two or more pieces and integrating next-generation batteries into the vehicle body.

While the new technologies would help cut the number of vehicle parts, thus reducing manufacturing complexity and bringing down costs, they could be "significant production risk," Musk said in 2020.

In addition, investors will want to hear about the outlook for the supply chain, with automakers straining to meet demand for electric vehicles.


Tesla expected the first vehicles equipped with its own 4680 battery which could give cars more range and bring down their costs, to be delivered early this year, but it is not clear when it would be able to mass produce the batteries.

Tesla's major battery supplier Panasonic will begin producing its new batteries for Tesla from as early as 2023 in Japan, the Nikkei reported on Monday. LG Energy Solution also aimed for 2023 production of the 4680 cells, Reuters reported last year.


In 2019, Musk unveiled Tesla's futuristic electric pickup trucks, aiming to gain a foothold in the popular and profitable segment in the U.S. market.

Musk, who has often missed his self-imposed launch targets, has already delayed Cybertruck production from late 2021 to late 2022. A source told Reuters that Tesla aims to start initial production of the much-anticipated model in early 2023, saying they are making changes to features and functionalities from its original version.

"This is the first time that Tesla has brought a vehicle out with serious competition," said Sam Fiorani, vice president at AutoForecast Solutions, referring to Ford and Rivian, which are planning to ramp up production.

As it is very hard to crack into the U.S. truck market - the home turf of American "Big Three" automakers, Tesla is likely to go after "weekend warriors or lifestyle buyers" rather than traditional commercial buyers, he said.


Musk in 2020 promised that in three years Tesla would offer a $25,000 electric car that can drive itself.

Tesla vice president Lars Moravy said in October that the company would not add new vehicles while battery cells were constrained, and that production of its existing models would take priority.

"Longer term investors care about Model 2," Munster said with the current vehicle pricing, Tesla would not be able to grow volume by 50% every year.

(Reporting by Hyunjoo Jin in San Francisco, additional reporting by Akash Sriram in Bangalore; editing by Peter Henderson and Bernard Orr)

By Hyunjoo Jin

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM, LTD. 3.00% 550000 End-of-day quote.-10.57%
NIKKEI 225 0.66% 26781.68 Real-time Quote.-6.98%
PANASONIC CORPORATION 1.59% 1179.5 Delayed Quote.-6.76%
TESLA, INC. 7.33% 759.63 Delayed Quote.-28.12%
All news about LG CHEM, LTD.
05/20S.Korean stocks end higher, post biggest weekly gain in 2 months
05/16LG Chem, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
05/16LG Chem, Ltd. Develops Advanced Plastic Product to Prevent Thermal Runaway in EV Batter..
05/13Ontario Tories tout accelerated transmission line projects to southwest
05/12Li-Cycle Holdings Corp. announced that it has received $49.999987 million in funding fr..
05/10LG Chem, KIST to Make Plastic from Carbon Dioxide
05/06EXCLUSIVE : CATL planning EV battery production in United States, vetting sites - sources
05/05Glencore investing $200 million in battery recycler Li-Cycle
05/04Belgium's Umicore Jumps 10% Amid Interest from South Korea's LG Chem
05/03LG CHEM : Biodegradable Plastic for Zero Harm to the Earth
More news
Analyst Recommendations on LG CHEM, LTD.
More recommendations
Sales 2022 48 947 B 39,1 B 39,1 B
Net income 2022 2 655 B 2,12 B 2,12 B
Net Debt 2022 7 175 B 5,74 B 5,74 B
P/E ratio 2022 15,5x
Yield 2022 1,99%
Capitalization 40 740 B 32 576 M 32 576 M
EV / Sales 2022 0,98x
EV / Sales 2023 0,89x
Nbr of Employees -
Free-Float 59,6%
Duration : Period :
LG Chem, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 29
Last Close Price 550 000,00 KRW
Average target price 792 172,41 KRW
Spread / Average Target 44,0%
EPS Revisions
Managers and Directors
Hak Cheol Shin Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
Young-Ho An Independent Director
Sector and Competitors