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In addition to financial losses, there are also many crisis factors. Due to long-term uncertainty, it is not ruled out that the relationship with the vehicle company may deteriorate. If the recently proposed amount is actually paid, it will become unclear whether the project can survive. The two companies have jointly proposed a method to strive for compensation for LG Chemical, and are currently waiting for a response

In the secondary market, it is reported that after the US ruling, SKI fell by 9.6%, marking its largest intraday decline since March 2020. LG Chemical's stock price rose 5.2% at one point.

Another judgment is that the United States, which advocates for large displacement, has also begun to become an emerging market for new energy vehicles, as the two major power lithium battery companies in South Korea are willing to take this to court. The "stranding" of SKI is an opportunity for other companies such as Ningde Times and Panasonic to enter or expand.

About LG Chemistry and SKI

LG Chemical is a rapidly developing Korean company. From March to August 2020, LG Chemical's global installed capacity of power lithium batteries once surpassed that of the Ningde era. In 2020, LG Chemical's global installed capacity of power lithium batteries was 31GWh, ranking second only to Ningde Times.

In December 2020, LG Chemical spun off its battery business and established LG New Energy. It is understood that LG New Energy is seeking an IPO.

LG Chemical's CEO Hak Cheol Shin once stated in an interview that "the company's revenue is expected to reach 30 trillion won by 2025." The 30 trillion won is approximately 175.8 billion yuan.

In addition, it is reported that LG Chemical has locked in approximately 872.5 billion yuan of battery orders in the next five years.

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