Renault Korea Motors is facing uncertainties about its plan to manufacture 200,000 electric vehicles (EVs) in Busan annually, as battery makers here remain reluctant to increase their domestic production, according to industry officials, Monday. During Renault Group Senior Vice President Francois Provost s recent closed-door meeting in Korea with Prime Minister Han Duck-soo, the French firm s executive is said to have complained about difficulties securing enough EV batteries here.
Samsung SDI said Thursday its first-quarter net profit rose 28 percent from a year earlier as surging demand for electric vehicle (EV) batteries gave a boost to the bottom line.
Samsung SDI and General Motors (GM) have announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles (EV) in the US. It is Samsung SDI s second EV battery JV in the US, following its partnership struck with Stellantis last year.