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Hyundai and SK On partnered to start battery cell production in the US, with plans to invest $5 billion. The jointly-owned battery plant will break groun...

The newly elected president of the U.S. United Auto Workers (UAW) is unnerving Korean battery manufacturers by urging their joint ventures with U.S. carmakers to raise wages and guarantee job safety, according to industry officials, Tuesday. Amid growing concerns over his request having a negative impact on their earnings, battery makers have maintained a cautious stance, considering the fact that the union has gained strong support from U.S. President Joe Biden.

Legal experts in Korea have begun to sound the alarm regarding LG Chem, SK on and POSCO Group, warning them that their joint ventures, established here in Korea with Chinese firms, could be designated as foreign entities of concern under the U.S. Inflation Reduction Act (IRA).

The South Korean government released a series of strategies to help local battery companies gain a global presence, especially in the US. Notably, the government will offer KRW7 trillion (US$5.32 billion) in financial support for businesses to invest in North American facilities.

Ford had to admit to a battery fire when it halted the F-150 Lightning production in the first week of February. Since then, the production line has rema...