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Exodus of U.S. clients pushes Korean battery makers to the brink

Exodus of U.S. clients pushes Korean battery makers to the brink

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-d...

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.

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