Yonhap Infomax NewsSouth Korean battery makers face weaker-than-expected U.S. EV demand, but S&P says surging ESS market and U.S. tariffs on Chinese batteries will boost Korean firms’ profitability and ease earnings pressure.
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https://en.infomaxai.com/news/articleView.html?idxno=91382
ESS Emerges as Savior—S&P Says Energy Storage to Ease Earnings Pressure for Korean Battery Makers
South Korean battery makers face weaker-than-expected U.S. EV demand, but S&P says surging ESS market and U.S. tariffs on Chinese batteries will boost Korean firms’ profitability and ease earnings pressure.