The Slow Rise of Korean Brand EV Battery Usage

Korean brand EV battery usage saw an increase throughout the first three quarters of 2024, despite a slowdown in Hyundai-Kia electric car sales.

Bisnis, JAKARTA — The use of Korean-made EV batteries grew throughout the first three quarters of 2024, despite a slowdown in Hyundai-Kia electric car sales.

South Korean EV batteries are primarily represented by three manufacturers—LG Energy Solution (LGES), SK On, and Samsung SDI—collectively known as trio-K.

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