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Samsung and LG hit by Tesla bomb declaration… Prediction of fierce war with China

October 23, 2021
Source: newsdirectory3.com newsdirectory3.com
News Snapshot:
photo = AP The global battery market is fluctuating as Tesla, the world’s largest electric vehicle company, announced on the 21st that it would install lithium iron phosphate (LFP) batteries in all standard models of its vehicles. LFP batteries produced by Chinese companies such as CATL and BYD and nickel, cobalt, and manganese (NCM) batteries produced by three Korean battery companies, LG Energy Solution, Samsung SDI, and SK On, will compete for market share. ? Soaring market share of LFP batteries According to SNE Research on the 22nd, the market share of LFP batteries in the electric car sector in...
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