LG Energy Solution plans to expand energy storage system (ESS) battery production to offset anticipated weaker electric vehicle (EV) demand following US tariff implementations and the scheduled end of federal EV subsidies on September 30. The South Korean battery manufacturer warned that the resulting market uncertainty would burden automakers, potentially increasing vehicle prices and slowing North American EV growth.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
