Ford Motor’s repeated delays in electric vehicle (EV) production have affected the U.S. carmaker’s Korean partners, which have been seeking to expand in the North American battery market, according to industry officials, Monday.
EcoPro has partnered with a vocational training institute in Hungary to secure a skilled workforce for its cathode manufacturing operation in the country, the battery materials developer said Monday.
As Tesla released a disappointing quarterly earnings report that largely missed its estimates on Wednesday afternoon (U.S. time), shockwaves rippled to many Korean stocks related to the secondary battery sector on Thursday s session.
Back in April, an office worker who preferred to be known only by her surname Ham, saw a screenshot uploaded on the internet by a person who claimed to have made a 4.6 billion won ($3.5 million) profit from an initial investment of 230 million won in EcoPro, a battery materials producer.
EcoPro is moving to launch a new public foundation to support cultural, artistic and educational talent in the country s provincial areas, according to the battery materials maker, Wednesday.