Korean Battery Stocks Rebound as Hyundai, Kia Win US Tax Credits

Jan. 3, 2025, 2:42 AM UTC

Ecopro leads a rally among Korean EV battery-related shares after some Hyundai Motor and Kia car models became eligible for US tax credits.

  • Hyundai Motor’s Ioniq 5 and Ioniq 9 and Kia’s EV6 and EV9 were among 18 models that qualified for US tax credits under Joe Biden’s Inflation Reduction Act
  • Read more: Tesla Cybertruck Joins List of EVs Eligible for US Subsidy
  • Korean battery materials stocks are rising on hopes that makers may benefit from China export curbs, with today’s gains to do more with laggards rebounding, says Shawn Oh, an equities trader at NH Investment & Securities ...

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