Auto Battery Firm: But LG Energy Solution (LGES), SK On and Samsung SDI say it will be hard to go full steam ahead with lithium iron phosphate (LFP) batteries as they can t yet compete on price, executives and company officials familiar with their business strategies said. Feeding their worries is slowing growth in electric vehicle sales and the potential for changes in U.S. subsidies should President Joe Biden lose the 2024 election.
The JL may have been off to a poor start due to numerous quality issues, most notably inadequate welds, but Jeep continues to dominate this particular se.
"The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries," Samsung SDI said in a statement.
SEOUL (Reuters) -South Korea's Samsung SDI said on Monday it will supply Hyundai Motor with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies. "The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries," Samsung SDI said in a statement. The battery maker, which supplies to General Motors Co, Stellantis, BMW among others, added that it will