ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Biden win boosts South Korean EV battery makers

LG Chem and Samsung SDI rally as China rivals face further hurdles in US

Samsung SDI introduces its battery cell, module and packs at the InterBattery 2019 exhibition in Seoul. (Photo courtesy of Samsung SDI)

SEOUL -- Joe Biden's win in the U.S. presidential election is giving a lift to South Korean electric vehicle battery makers as investors bet his green policy will help them expand in the American market.

Analysts say South Korean battery makers are in a favorable position compared to their Chinese rivals, as Washington-Beijing tensions are expected to continue under Biden's presidency. South Korean, Chinese and Japanese companies are the leaders in the fast-growing global market for EV batteries.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more