Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Exodus of U.S. clients pushes Korean battery makers to the brink (koreajoongangdaily.joins.com)

submitted 2 days ago by schizoidman@lemmy.zip to c/electricvehicles@slrpnk.net

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LG Energy Solution has already seen some 13.6 trillion won ($9.6 billion) in deals evaporate this month alone, an amount exceeding half of the company’s total revenue last year, which stood at 25.62 trillion won.

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[–] Mihies@programming.dev 0 points 1 day ago (1 children)

Sure, but that only means that contracts are not that good in first place.

[–] srecko@lemmy.zip 2 points 1 day ago (1 children)

They have their own purpose and it is to help as work together, not punish when we didn't do anything wrong. If I were a korean manufacturer and the USA clients were making more than haalf of my earnings, I would have made that kind of contract rather than stopping the production in 2023 for example and having my facilities go unused.

[–] Mihies@programming.dev 0 points 1 day ago

Then deals evaporation is accepted risk.