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IANSLive
Seoul, Jan 4 (IANS) Three South Korean electric vehicle (EV) battery makers saw their global market share sink in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed on Wednesday.
The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. — held a combined 23.1 percent of the global EV battery market in the January-November period, down 7.4 percentage points from a year earlier, according to the data from market researcher SNE Research.
The market portion of LG Energy Solution fell to 12.3 percent from 19.6 percent during the period, with its global ranking dropping to third place from second. LG Energy Solution counts Tesla, Volkswagen and Audi as its clients, reports Yonhap news agency.
SK On, the battery-making subsidiary of SK Innovation Co., suffered a…
