Korea s top three battery firms — Samsung SDI, LG Energy Solution, and SK On — have been significantly impacted by slowing electric vehicle (EV) sales growth both domestically and internationally, as demand for EV batteries has decreased following a critical stage in the industry s development, according to data and industry officials, Wednesday.
LG and POSCO decided to slow down their investments in the battery sector to better deal with decelerating global demand for electric vehicles (EVs), both companies said Thursday.
Cars News: Previously, LGES had announced that its capital expenditure for this year would mirror the 10.9 trillion won spent last year. The company anticipates
LG Energy Solution Scales Back Capex Amid EV Demand Slowdown menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Alarm Bells Sound on Slowing EV Demand newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.