S. Korean Battery Firms Form JVs with Automakers to Share Investment Costs and Benefit from Tax Deductions

SEOUL, May 9 (Korea Bizwire) — South Korean battery makers are increasing their presence in foreign markets, particularly in North America, by creating joint ventures (JVs) with automakers to reduce investment costs and comply with the U.S. Inflation Reduction Act (IRA). In a conference call last week, SK On Co. announced that it is “discussing [...]