South Korea's three major battery manufacturers' market share will decline in 2022, and Chinese manufacturers' share will soar

[从八品主簿]

[South Korea's three major battery manufacturers' market share will decline in 2022 and Chinese manufacturers' share will soar] On the 4th, data released by South Korean market research institution SNE Research showed that South Korea's three major electric vehicle battery manufacturers LG New Energy, SK On and Samsung SDI From January to November last year, it accounted for a total of 23.1% of the global market share, down 7.4 percentage points from the same period last year. In contrast, CATL, BYD and China Innovation Aviation together accounted for 54.7 percent of the global market, up from 43.7 percent a year ago. Among them, the market share of CATL jumped from 32.2% to 37.1%.

 

[Bilal9]

[South Korea's three major battery manufacturers' market share will decline in 2022 and Chinese manufacturers' share will soar] On the 4th, data released by South Korean market research institution SNE Research showed that South Korea's three major electric vehicle battery manufacturers LG New Energy, SK On and Samsung SDI From January to November last year, it accounted for a total of 23.1% of the global market share, down 7.4 percentage points from the same period last year. In contrast, CATL, BYD and China Innovation Aviation together accounted for 54.7 percent of the global market, up from 43.7 percent a year ago. Among them, the market share of CATL jumped from 32.2% to 37.1%.

Biden imposed tariff penalty on Korean made electric vehicles. Koreans can't sell as many EVs in the US now. Hyundai/KIA folks not happy. They thought they had a windfall. But now this. It will take them a while to start producing in the US. I think Li-Ion battery production is also in Korea.
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South Korea Sees ‘Betrayal’ in Biden’s Electric Vehicle Push​

• Firms to miss out on tax credits that favor American-made cars
• Seoul can’t rule out impact on other issues, official says

By
Jeong-Ho Lee and
Heejin Kim
September 1, 2022 at 7:00 PM PDT

South Korea views new US rules that favor American-made electric vehicles and batteries as a “betrayal,” a senior official in Seoul said, an issue that threatens to complicate economic and security cooperation between the close allies.

The dispute stems from provisions in the Inflation Reduction Act signed last month by President Joe Biden, which includes tax credits of as much as $7,500 for purchases of electric vehicles made in North America. That could disadvantage major South Korean brands like Hyundai and Kia, which don’t have operational EV plants in the US.

 

[kankan326]

Biden imposed tariff penalty on Korean made electric vehicles. Koreans can't sell as many EVs in the US now. Hyundai/KIA folks not happy. They thought they had a windfall. But now this. It will take them a while to start producing in the US. I think Li-Ion battery production is also in Korea.
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South Korea Sees ‘Betrayal’ in Biden’s Electric Vehicle Push​

• Firms to miss out on tax credits that favor American-made cars
• Seoul can’t rule out impact on other issues, official says

By
Jeong-Ho Lee and
Heejin Kim
September 1, 2022 at 7:00 PM PDT

South Korea views new US rules that favor American-made electric vehicles and batteries as a “betrayal,” a senior official in Seoul said, an issue that threatens to complicate economic and security cooperation between the close allies.

The dispute stems from provisions in the Inflation Reduction Act signed last month by President Joe Biden, which includes tax credits of as much as $7,500 for purchases of electric vehicles made in North America. That could disadvantage major South Korean brands like Hyundai and Kia, which don’t have operational EV plants in the US.

Biden is meaner than Trump. They both want to "make America great again". But Biden's plan is at cost of US allies.

 

[Beidou2020]

Biden is meaner than Trump. They both want to "make America great again". But Biden's plan is at cost of US allies.

The empire will sacrifice its vassals for its own survival. It has now come down to that situation.

 

[K_Bin_W]

The empire will sacrifice its vassals for its own survival. It has now come down to that situation.

That's how dying empires slow down their decline by sacrificing their vassals one at a time.