Samsung SDI, SK On face slump and growing Chinese rivalry in Hungary

CATL's and EVE Energy's ties with BMW give them edge over South Koreans

2025-06-17 Samsung SDI Hungary.JPG

Samsung SDI's electric vehicle battery factory in God, Hungary. © Reuters

JENS KASTNER

HAMBURG, Germany -- South Korean EV battery-makers Samsung SDI and SK On in Hungary are facing falling EV demand at a time of rising competition from Chinese peers.

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