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China Deals

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business2 years ago

"EV Battery Makers in South Korea Forced to Reevaluate China Deals Due to U.S. Regulations"

U.S. regulations aimed at excluding China from supply chains have forced South Korean EV battery makers, SK On, EcoPro, and GEM of China, to reconsider their joint venture plans. The venture, which aimed to produce precursor materials for electric vehicle batteries, was set to be located near China on reclaimed land in South Korea's Saemangeum National Industrial Complex.