Korean Giants Struggle as U.S. Immigration Raid Targets Hyundai-LG Battery Joint Venture in Georgia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
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Source: SeekingAlpha
Impact of U.S. Immigration Raid: A U.S. immigration raid at a Hyundai-LG Energy battery joint venture in Georgia has led to the detention of 475 individuals, primarily South Korean nationals, raising concerns about disruptions in the electric vehicle supply chain and planned investments.
Response from Hyundai and LG Energy: In light of the raid, LG Energy has postponed the start of its EV battery plant, while Hyundai has banned U.S. travel for its staff and paused construction at the site, stating that none of the detained individuals are directly employed by the company.
Analyst Views on FLKR
Wall Street analysts forecast FLKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLKR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.810
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Current: 37.810
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
