[Infostock Daily= Reporter An Hoe Hyun] On the 11th, SK Securities maintained its investment opinion 'Buy' on Samsung SDI and raised its target stock price to 870,000 won in response to the strong EV craze.
"Tesla applies ferric phosphate(LFP) batteries to Model Y produced at its Shanghai plant, which has raised production automation to the extreme," the company said, adding, "It will be reduced to 339,900 yuan(57.7 million won) based on the long range and 369,900 yuan(62.8 million won) based on the performance model. It is analyzed that the global market size, which is equivalent to Model Y, is about 4 million to 4.4 million units, and that it has solidified its positioning by 8~15% lower price than BMW X3 and Mercedes' GLC.
"In 10 years, used car sales of gasoline and diesel vehicles are almost impossible," the company explained, adding, "Samsung SDI's automotive and ESS competitiveness, including solid-state, will be a premium factor."
"Tesla's strategy in China is likely to be a nightmare for automakers," the company said, adding, "The surge in demand for electric vehicles is inevitable due to the price that will be diversified." Demand for secondary batteries and ESS for automobiles remained positive in the mid- to long-term.
Reporter An Hoe Hyun ahh@infostock.co.kr
