Negative Trump Trade: Korean Rechargeable Battery Sector
With Trump becoming the next President of the United States, we explain why the rechargeable battery sector in Korea is likely to get further battered in the coming months.
Trump administration could eliminate or significantly slash the $7,500 consumer tax credit for electric vehicle (EV) purchases, which is one of the key provisions of the Inflation Reduction Act (IRA).
We expect the sell-side to further cut their earnings estimates on the key key names in the Korean rechargeable battery sector in the coming months.
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