How Korea underpins America’s EV dreams – E&E News

In a few years, when Americans find themselves at the wheel of electric Fords or Cadillacs, Volkswagens or Jeeps, there’s one thing they can count on: The vehicles won’t go anywhere without the Koreans.

South Korean engineers will have co-designed the battery cells — the heaviest and most valuable part of the vehicle — and the factories that built them. Korean conglomerates that Americans barely know, with names like LG Chem and SK Innovation, are poised to become crucial suppliers to the U.S. auto industry, as well as major American employers.

And the ascendancy doesn’t stop with batteries.

The Koreans are also selling Americans a surprising number of electric vehicles. In the first quarter of this year, South Korea’s sister automakers, Hyundai Motor Co. and Kia Corp., beat out better-known names to become the No. 2 seller of electric vehicles behind the leader, Tesla Inc.

“They have a very meaningful position in the battery supply chain and in the EV market in the U.S.” said John…

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source: https://news.oneseocompany.com/2022/06/06/how-korea-underpins-americas-ev-dreams-ee-news_2022060621173.html

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