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Power Play: Volkswagen abruptly pulls plug on South Korean battery makers

6 Min Read SEOUL/BEIJING/FRANKFURT (Reuters) - Days before Volkswagen AG held an event to announce a major ramp-up in its electric vehicle production, the German car maker abruptly told its South Korean battery suppliers their current technology would be largely excluded from those plans. FILE PHOTO: FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo/File Photo The decision by the world’s second largest automaker to move the bulk of its cars to a different battery cell in two years came as a shock to LG Energy Solution and SK Innovation, three people with knowledge of the situation told Reuters.

Power Play: Volkswagen abruptly pulls plug on South Korean battery makers

Power Play: Volkswagen abruptly pulls plug on South Korean battery makers
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Power Play: Volkswagen abruptly pulls plug on South Korean battery makers

Power Play: Volkswagen abruptly pulls plug on South Korean battery makers
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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