South Korean battery companies supply to 8 out of 10 US IRA-compliant EVs

OEM Purchasing

LG Energy Solution has an upper hand over the competition as it was among the first companies to set up battery production facilities in the US

South Korean battery manufacturers LG Energy Solution, Samsung SDI and SK On are the battery suppliers to about 8 out of 10 electric vehicle models that have qualified for the tax credits under the US Inflation Reduction Act, according to a news report published by The Korea Herald on April 20. The report cited industry sources behind these observations.

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