LG Chem exemplifies a path forward in China

August 15, 2018 | Case Study

China rapidly emerged as the largest global market for electric vehicles and is poised to see further growth with plug-in vehicle mandates coming next year. However, despite a technological advantage, South Korean and Japanese battery manufacturers have been pushed out of market by Chinese firms benefiting from protectionist policies that don't allow plug-in vehicles powered by batteries from foreign-owned companies to qualify for subsidies. Factories from Samsung SDI and LG Chem faced severe underutilization, while SK Innovation dissolved a joint venture with BAIC, now one of the more promising EV manufacturers in the country. However, foreign manufacturers are returning as Panasonic and LG Chem both expand in China.

Categories	Lithium-ion batteries
Related companies	LG Chem

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