LG Energy Solution is shifting its focus towards cost-effective LFP batteries for the US market. — Reuters
SEOUL: South Korean battery manufacturers are set to benefit from the 145% tariff imposed by the second Donald Trump administration in the United States on Chinese-made goods, including lithium-ion batteries for energy storage systems (ESS).
This significant tariff hike aims to curb the competitive edge of Chinese batteries, which previously capitalised on lower levies than electric vehicle (EV) cells.
