Korea's battery trio spend W4.3tr despite prolonged EV slowdown

South Korea’s three major battery makers poured over 4 trillion won ($2.84 billion) into plant construction and equipment upgrades in the first half of the year, keeping their capital spending steady even as the slowdown in electric vehicle demand drags on. In their first-half business reports, LG Energy Solution, Samsung SDI and SK On together spent about 4.32 trillion won on battery-related facilities. Much of the investment was allocated toward new production capacity, plant expansions and eq

By The Korea Herald