Chinese company CATL, which has been on the rise for two consecutive trading days due to the signing of a 6 trillion won contract with LG Ensol Tesla, the third largest market capitalization on the KOSPI, also led to a 7.66% plunge in the rise of Samsung Electronics, the No. 1 U.S. stock holding Tesla, the No. 1 market capitalization, the effect of signing a 23 trillion won foundry contract
![LG headquarters building. [Photo = Yonhap News]](https://wimg.mk.co.kr/news/cms/202507/31/news-p.v1.20250731.2919f1a09cc541869cb44752d9fe5eef_P1.png)
Shares of LG Energy Solution, which signed a 6 trillion won lithium iron phosphate (LFP) battery supply contract with a company estimated to be Tesla, are rising.
The warm wind from Tesla is raising the stock price of LG Energy Solution, which ranks third after Samsung Electronics, which ranks first in the KOSPI market.
As of 10:30 a.m. on the 31st, LG Energy Solution’s stock price was 399,000 won, up 0.88% from the previous trading day.
On the 30th, when the related information was announced, it rose only 0.26% but rose again. On the other hand, CATL shares, a Chinese company that has supplied batteries to Tesla, fell 7.66 percent on the Hong Kong Exchange on the 30th.
LG Energy Solution announced on the morning of the 30th that it has won orders for LFP batteries worth about 6 trillion won (US$4.39 billion) overseas. This is 23.2% of last year’s sales (25.6 trillion won).
Domestic investors are cheering for Tesla. This is because Tesla signed a consignment production of semiconductors worth 23 trillion won with Samsung Electronics, the No. 1 KOSPI market capitalization, on the 28th, and it also gave a big boost to LG Energy Solution, the third-largest.
Samsung Electronics soared due to the impact of the contract, rising to “70,000 electronics” for the first time in 11 months and rising for the third consecutive trading day.
Tesla is the largest foreign stock held by Korean investors. According to the Korea Securities Depository, domestic investors keep $20.9 billion (about 30 trillion won) in Tesla storage.
