Shulou(Shulou.com)11/24 Report--

On September 16, according to foreign media reports, with the rapid development of electric vehicles, the battery, a key component, has become very important. Like semiconductor components, it directly determines the output of electric vehicles of relevant manufacturers. As a result, ensuring an adequate supply of batteries is becoming increasingly important, and the relationship between car manufacturers committed to the development of electric vehicles and battery manufacturers is getting closer and closer.

The latest foreign media reports show that Bill Ford, executive chairman of Ford Motor, will travel to South Korea this month to meet with executives of LG New Energy and SK On, two major Korean battery manufacturers.

According to South Korean media reports, Bill Ford went to South Korea to meet with executives of the two companies to discuss business cooperation.

Ford and SK On have set up joint ventures in the United States, and construction of three planned battery plants has begun. In the latest report, foreign media said that Ford has proposed the establishment of another joint venture between the two sides, this issue is expected to be discussed.

LG New Energy is currently the second largest electric vehicle battery manufacturer in the world, and its market share is second only to Ningde era. Although Ford and LG New Energy have not formed a joint venture, foreign media reported that Ford is seeking to obtain more batteries from LG energy.

In addition to business discussions, foreign media said that when Bill Ford went to South Korea, he might also explore solutions to the subsidy scheme for electric vehicles. According to the new US bill, electric vehicles with Korean batteries will not be subsidized.

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