LG-SK battery settlement boosting parts suppliers

The Korea Times | May 4, 2021 at 8:18 AM
  • By Baek Byung-yeul With LG Energy Solution and SK Innovation ending their dispute over battery technology for electric vehicles (EVs) last month, domestic makers of components, parts and materials in the industry have come under the spotlight with the expectation that large-scale orders will resume in the United States and Europe, analysts said Tuesday.
  • YoulChon Chemical, a subsidiary of Korea’s largest noodle manufacturer Nongshim, is also considered likely to benefit from battery makers’ efforts to use more domestically produced materials.
  • The agency noted if governments accelerate their efforts to meet international energy and climate goals, the figure could increase to 230 million by the end of the decade.