#Samsung and #LG Have a #Battery Problem
The days of #Korean tech companies lagging behind their rivals in #Japan are long over. From #Smartphones to advanced screens, subsidiaries of #Samsung and #LG have market share that #Japanese brands such as #Panasonic should envy. One notable exception is the batteries used to power electric vehicles. Panasonic makes 36 percent of them (it’s partnered with #Tesla), compared with less than 8 percent for #LG Chem and 5 percent for Samsung SDI. That’s becoming a bigger deal: Worldwide demand for #ElectricVehicles swelled 87 percent last year, to 672,000, according to SNE Research.
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