China, South Korea Drive EV Battery Innovation: Breakthroughs In Stability, Fire Safety
Portfolio Pulse from Stjepan Kalinic
China and South Korea are making significant advancements in EV battery technology. China's Dalian Institute developed stable, cost-effective ORAMs for AOFBs, while South Korea's LG Chem introduced a fire-prevention layer for EV batteries. These innovations could enhance EV adoption.
October 07, 2024 | 6:58 pm
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POSITIVE IMPACT
The Global X Autonomous & Electric Vehicles ETF (DRIV) could see positive impacts from advancements in EV battery technology, as it invests in companies involved in EVs and their components.
DRIV invests in companies related to EVs and their components. The advancements in battery technology from China and South Korea could increase the attractiveness of EV-related investments, potentially boosting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
LG Chem's breakthrough in EV fire prevention could benefit General Motors, which has a $19b deal with LG Chem for EV batteries. This innovation may enhance GM's EV safety and appeal.
LG Chem's new safety layer for EV batteries addresses fire risks, a major consumer concern. GM's partnership with LG Chem for battery supply means GM could benefit from safer, more appealing EVs, potentially boosting sales and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80