New energy vehicles
Utilization Rates Plummet for Korea’s Top Battery Makers Amid EV Demand Drop
January 2, 2025 – According to a report published today by Business Korea, the utilization rates of factories belonging to LG Energy Solution, Samsung SDI, and SK On – the three major Korean battery companies – have significantly declined due to the global slump in demand for electric vehicles (EVs). This downturn has prompted these…