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© (c) Copyright Thomson Reuters 2019.Feuding Korean firms risk disrupting electric car battery supplies
By Hyunjoo Jin and Heekyong Yang SEOUL©2024 GPlusMedia Inc.
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oldman_13
Come on now, these companies are doing it all wrong.
They're supposed to be feuding with Japan, not with each other.
Sheesh.
garymalmgren
Stung by missing out on the VW deal to the new kid on the block and the departure of 77 employees for its rival across the Han River in Seoul,
In one court filing, LGC said its rival poached employees working on its own project to supply batteries for VW's MEB electric vehicle architecture
LG should be asking themselves, "Why did all of those employees leave?"
But, I don't see that happening.
gary
extanker
"Ford spokeswoman Jennifer Flake said it was encouraging LGC and SKI to resolve their conflict without litigation and that it believed there was sufficient demand for multiple suppliers.
We are aware of the issue. As a normal course of action, we have business continuity plans in place to protect our interests," Flake said in an emailed statement to Reuters."
"GM spokesman Patrick Morrissey said the company was aware of the dispute and at this point it did not expect any impact on the production of its Chevy Bolt electric vehicle."
I'm going to go out on a limb here and say Ford and GM know more about battery suppliers than you do.
The biggest threat to South Korea is South Korea.
funkseoul
Hilarious.
In 2017, the market share (by country & by GWh) in order; China (53%), Japan (16%), S. Korea (11%) & others (20%) - https://www.merics.org/sites/default/files/inline-images/181012_Economic-Indicators_Battery-Industry_Infographics_Q3-2018_finalfinal2_0.jpg
While last year, 2018, China (49%), Japan (22%), S. Korea (15%) & others (14%) - https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTVhxq31CzFBFvoy4RfagOz_1DKiRUGr37xQkijSyQrTLNjEAmY&s
S. Korean companies have never the reach the height, manufacturing or supply choke-hold in advanced & hi tech components like Japan has attained for the past few decades
Samit Basu
@Hillclimber
Korea is the only place where one can buy batteries suitable for US and EU market safety standards.
@oldman_13
When Korean EV battery dominance is absolute, then they fight amongst themselves.