South Korean firms seek to overcome EV battery demand slump

Maria Sandu

SEOUL, Sept. 9 (UPI) -- South Korean companies are trying to weather the prolonged slump in the global battery industry by partnering with leading corporations in Europe and the United States. SK On announced last week that it had secured an order from Flatiron Energy Development of the United States to deliver lithium iron phosphate, or LFP, batteries for use in energy storage systems, know as ESS. Under the agreement, SK On will supply up to 7.2 gigawatt-hours of ESS batteries between 2026

South Korean firms seek to overcome EV battery demand slump https://www.upi.com - 09.09.2025 15:21

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South Korean firms seek to overcome EV battery demand slump https://www.upi.com - 09.09.2025 15:21