GWANGYANG, South Jeolla Province - POSCO Future M started building a high-nickel NCA (nickel, cobalt and aluminum) cathode materials plant in the southern port city of Gwangyang, South Jeolla Province, Thursday, aiming to supply all of the electric vehicle (EV) battery materials produced at the factory to Samsung SDI.
Korea s leading battery makers are tightening discipline among their executives and employees amid a slowdown in the global demand for electric vehicles to tackle worsening profitability, industry officials said on Thursday.
Korean battery makers are facing an increasingly unfavorable business environment this year, as the sluggish global demand for electric vehicles (EVs) led U.S. carmakers to cut production, according to securities analysts, Wednesday.
SDI Group plc (LON:SDI – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 72.60 ($0.92) and last traded at GBX 74.50 ($0.95), with a volume of 1145696 shares. The stock had previously closed at GBX 81 ($1.03). SDI Group Trading Down […]