Korean battery manufacturers find themselves at a critical crossroads, as global clients — reeling from a prolonged slump in global EV demand — have walked away from previously pledged multi-billion-dollar contracts.

LG Energy Solution has already seen some 13.6 trillion won ($9.6 billion) in deals evaporate this month alone, an amount exceeding half of the company’s total revenue last year, which stood at 25.62 trillion won.

  • Mihies
    11·
    1 month ago

    Then deals evaporation is accepted risk.