South Korean Battery Exports Experience a 1.6% Dip Amidst Decelerating Electric Vehicle Demand

SEOUL, Feb. 4 (Korea Bizwire) – South Korea’s exports of battery products fell 1.6 percent in 2023 from a year earlier after posting growth for the previous seven years amid a slowdown in electric vehicle sales, the trade ministry said Sunday. The country’s rechargeable battery shipments fell to US$9.83 billion, marking the first on-year decline [...]