China’s EV battery giants outpace South Korea’s struggling rivals

China’s battery giants have pulled the plug on South Korea’s dominance in powering electric vehicles.

South Korea’s three top EV battery makers — LG Energy Solution, SK On, and Samsung SDI — are operating their factories at half capacity, while Chinese rivals CATL and BYDiBYDBYD Auto is a Chinese carmaker that became the world’s leading EV manufacturer in 2023, competing with Tesla for market share and global attention.READ MORE run theirs near full throttle. The global battery…