By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) - In 2018, South Korea's SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. With great fanfare, SK Innovation (SKI) broke ground in March on a $1.7 billion factory in Commerce, Georgia, about 200 km from VW's Chattanooga plant, which will be the automakers electric vehicle hub in the United States. LG Chem (LGC) had other ideas.
The post Feuding Korean firms risk disrupting electric car battery supplies appeared first on Firstpost.
from Firstpost https://ift.tt/2rsmcKz
Comments
Post a Comment