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Analysis AI storage boom gives South Korea battery makers an EV overcapacity lifelineLGES, Samsung SDI and SK On can repurpose US plants, but LFP costs and China exposure could sharply limit the payoff South Korean battery makers have garnered an outlet for North American plants built for a faster electric vehicle (EV) transition thanks to Nvidia’s Sept. 21 decision to qualify LG Energy Solution (LGES) for its new DSX Ready AI-factory program. But the storage pivot can raise factory utilization without recreating EV-era returns and forces Korean manufacturers deeper into a lithium-iron-phosphate (LFP) market dominated by China. LGES is one of three initial battery energy storage system suppliers in Nvidia’s program, alongside Hitachi Energy and Tesla. Its LFP-based JF2 AC Link battery energy storage system productis designed to smooth sudden artificial intelligence © Korea Risk Group. All rights reserved. |





