Korean battery players LG, Samsung, SK sweep US EV tax credits
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
A recent development has seen korean battery manufacturers, including lg, samsung, and sk, qualify for us ev tax credits. However, the industry is also facing challenges, with reports of a us raid on a hyundai plant in georgia resulting in the detention of hundreds of workers. The impact of this raid, as well as the overall state of the ev industry, appears to be affecting the strategies of these korean battery companies, with some potentially shifting focus towards energy storage systems.
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