South Korea's Battery Trio Splits Strategies Amid EV Slowdown: LG, Samsung Go All-In on R&D and ESS, While SK On Tightens Its Belt
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South Korea's major battery manufacturers, including lg and samsung, are increasing investment in research and development and energy storage systems, while sk on is taking a more cautious approach. This divergence in strategy comes amid a slowdown in the electric vehicle market. The differing approaches suggest uncertainty about the best path forward for the companies.