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Global growth potential uncertain for Korean battery makers

As geopolitics constricts growth opportunities, Korean battery makers could see their market share decline continue into 2025. By Will Girling

Earlier in 2024, it became clear that the Korean automotive industry risked limiting sales growth almost exclusively to the US market. Between 5 and 9 December, a string of data reports compiled by SNE Research indicated that the country’s problems may persist on a wider scale in 2025, particularly as geopolitics reshapes the trajectory of global electrification.

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