The rise in EV battery manufacturing, alongside the Make in India initiative, will lower manufacturing costs and boost EV sales in the country, according
LG Energy Solution (LGES), Korea s leading battery maker, said Friday its estimated operating profit plunged 75 percent in the first quarter from a year earlier due to slowing EV sales.
The sales of Tesla declined by nearly 9% last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to.