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[Alpha Biz=(Chicago) Reporter Paul Lee] Ecopro's stock price fell below KRW 600,000 in about five months a day. Other secondary battery-related stocks also weakened due to the forecast that demand for electric vehicles will decrease.
On the KOSDAQ market, Ecopro closed at 597,000 won, down 23,000 won (3.71%) from the previous trading day. It is the first time that Ecopro's stock price has fallen below KRW 600,000 since June 5 this year (KRW 566,000 at the closing price). Ecopro's stock price, which collapsed by KRW 700,000 in four months on the 24th of last month, fell to KRW 600,000 in about a week.
EcoproBM, a subsidiary of Ecopro, also closed at 188,609 won, down 3.87%. POSCODX and POSCO Holdings, which are related to secondary batteries, also fell 3.36% and 2.19%, respectively, while LG Energy Solutions, POSCO Future M and L&F also fell 2.08%, 1.27% and 0.77%, respectively.
Electric vehicle stocks rose on the New York Stock Exchange the previous day, but domestic secondary battery-related stocks did not benefit. On October 31 (local time), Tesla shares rose 1.76% and Nikola and Libyan rose 3.85% and 3.18%, respectively.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
