Korean Battery Makers Have Bright Future Despite Trump

South Korean Battery Makers Face Challenges Following U.S. Political Shift #

South Korean battery manufacturers have experienced significant effects due to recent shifts in U.S. political landscapes. These companies, key suppliers of batteries for electric vehicles and other advanced technologies, initially benefited from the implementation of the Inflation Reduction Act. However, Donald Trump’s reelection introduced uncertainties for these businesses.

Since Trump’s return to office, shares in these companies have sharply declined. Samsung SDI’s share price has dropped 23% in the past month, while LG Energy Solution has seen a 9% loss. On the campaign trail, Trump has criticized the policy of subsidizing electric vehicle purchases and suggested that he might repeal the Inflation Reduction Act. These potential policy changes contribute to the volatility and challenges now faced by these South Korean battery makers.