Korean battery companies begin to ‘de-Sinicize’ core materials as US sanctions on Chinese products materialize. Materials suppliers, POSCO, Enchem, and EcoPro BM all reviewing to build factories in the US

Korean battery companies begin to ‘de-Sinicize’ core materials as US sanctions on Chinese products materialize. Materials suppliers, POSCO, Enchem, and EcoPro BM all reviewing to build factories in the US

https://reddit.com/r/electricvehicles/comments/wvr9nx/korean_battery_companies_begin_to_desinicize_core/
compaccpr
https://english.etnews.com/20220823200002


Korean battery companies begin to ‘de-Sinicize’ core materials as US sanctions on Chinese products materialize. Materials suppliers, POSCO, Enchem, and EcoPro BM all reviewing to build factories in the US



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5 thoughts on “Korean battery companies begin to ‘de-Sinicize’ core materials as US sanctions on Chinese products materialize. Materials suppliers, POSCO, Enchem, and EcoPro BM all reviewing to build factories in the US

  1. >Since LG Energy Solution, Samsung SDI, and SK On have built battery plants in the US and have the world’s largest production capacity, it is trivial to replace major battery materials.

    Thats good news for autocmanufactures that source batteries from LG, Samsung, and SK to be able to fully qualify for the tax credit under the new IRA requirements.

  2. There’s a great deal of presumption that Chinese industry will maintain output over the next decades.
    They’re teetering over a demographic implosion and debt collapse.

    If nothing else, this gives production in North America a chance at viability, and reduced dependency on an unreliable supply chain. Products made here won’t get stuck in port.

  3. Will these new de-sinitize supply chains be cost competitive against China, thereby effectively allowing US to capture the majority of the global EV value chain.

    Or, China will still be the most competitive cost wise up and down the value chain for supplying the global ex. US market.

    The Inflation Reduction Act will therefore just end up subsidizing the creation of a non globally competitive US only supply chain.

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