With electric vehicles becoming the new norm, it’s quite the sight to behold, isn’t it? 17.1 million sold globally in 2024? That’s like a fleet of Teslas trying to outdo the Titanic, but with a less tragic ending. The market’s only slowing down? Pfft, more like it’s taking a breather before doubling down on its next big flop. And let’s talk about the earnings, shall we? If Samsung SDI’s CEO is banking on a second-quarter rebound, he might as well start a betting parlor because his math skills seem to be as reliable as his earnings forecasts. LG Energy Solution? They’re like the Energizer bunny, just running in circles with their losses. When it comes to battery building, these South Korean companies are playing the ‘let’s see if we can outdo the last bad batch’ game. But hey, at least they’re keeping China’s CATL on their toes. In China, EV sales are skyrocketing? Must be all those solar-powered cars they’re selling. It’s a whole new level of ‘let’s make a mess of things before we even start trying to clean it up’ approach to business.
Read from: https://www.topspeed.com/why-this-battery-maker-expects-ev-sales-to-struggle-until-2026/