If the future is batteries then its not arrived quite yet.
The fourth largest battery producer for electric vehicles has registered losses in the last ten quarters, in the face of lower than expected demand of its batteries (which go into VWs & Fords among others)
SK claims to be in 'crisis' & will likely be bailed out by the South Korean corporation from which they were spun out some time ago.
Overreach in the technology sector is nothing new; consolidation may be next?
#batteries
h/t FT
Emeritus Prof Christopher May /
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2024-07-07 09:17:28
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2024-07-07 09:17:28Event JSON
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