South Korean auto battery firms take on Chinese rivals but with trepidation, ET Auto
Auto Battery Firm: But LG Energy Solution (LGES), SK On and Samsung SDI say it will be hard to go full steam ahead with lithium iron phosphate (LFP) batteries as they can't yet compete on price, executives and company officials familiar with their business strategies said. Feeding their worries is slowing growth in electric vehicle sales and the potential for changes in U.S. subsidies should President Joe Biden lose the 2024 election.
Source: indiatimes.com