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10 Nov
07:59

SK On, SDI express concern towards new US EV tax credit policies

Leading South Korean electric vehicle battery firms SK On and Samsung SDI have lately joined LG Energy Solution (LGES) in making their voices heard by the US Internal Revenue Service (IRS) regarding an upcoming tax reform related to the EV battery industry, according to Reuters. After South Korea’s trade, industry and energy ministry (MOTIE)'s initiative, the companies, which are backbones of the global EV supply chain,…
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