LG Energy Solution

CATL and LG Energy account for nearly 54% of global xEV battery market: SNE Research

CATL and LG Energy account for nearly 54% of global xEV battery market: SNE Research

The global battery market for xEVs (BEVs, PHEVs and HEVs) has expanded at an unprecedented rate this year, breaking previous records and setting up new levels as automakers across the world have shifted their focus to electric vehicles.

South Korean EV battery manufacturers to invest $35 billion by 2030

South Korean EV battery manufacturers to invest $35 billion by 2030

With an aim to become a major global force in electric vehicle (EV) battery sector and better compete with the likes of Japan and China, South Korea has revealed plans to invest 40.6 trillion won (US$35 billion) in its EV battery industry by 2030.

Advertisements