Trump EV skepticism threatens $72.5 billion in South Korean investments

Quick Summary:

Country's battery makers rethinking US investment plans.

LG Energy Solution, a key partner of GM, booked about a trillion won (S$943 million) of IRA credits in its accounts so far this year but analysts expect a net loss for the fiscal year of 2023.

The Biden administration last week offered US$7.5 billion to help finance a joint venture between Samsung SDI and Stellantis to create cell manufacturing plants in Indiana.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaGeorgiaIndiaJapanSouth KoreaUnited States

Topics: Threatens South Credits First Trump Korean Trump’s Battery Scepticism Plants Jobs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 08:20:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24249440

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 9 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 13 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #25

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