Korean Battery Maker LG Chem Lifted By Tesla Boom

The transcript discusses the expectations for second quarter earnings, highlighting that LD's EV battery business is expected to generate the highest profit due to its significant market share. The company has a strong customer base in Europe and plans to expand its capacity. However, there are concerns about increasing competition among battery makers and the overall growth of the EV industry, which currently represents a small portion of the global auto industry but has significant growth potential.

What concerns do investors have regarding competition in the battery market?

What is the significance of the global EV industry in relation to the total auto industry?