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Only 9 EVs eligible for IRA EV tax credit up to $7,500 next year

Less than 10 electric vehicle (EV) models will qualify for the $7,500 tax credit next year due to tighter Inflation Reduction Act (IRA) rules. Beginning...

U.S. guideline on IRA to benefit Korean battery, renewables companies

The U.S. tentative guideline on its tax cut eligibility under the Inflation Reduction Act (IRA) is likely to benefit Korea's electric vehicle battery, solar...

Korean companies ramp up investments in U.S., setting up subsidiaries and factories

South Korean companies are ramping up their investments in the U.S., either by founding new subsidiaries and factories or by enlarging their existing facilities. The...

Finance Minister Choo meets U.S., Chinese counterparts

Finance Minister Choo Kyung-ho met with his U.S. and China counterparts on Monday on the sidelines of the G20 Finance Ministers and Central Bank...

LG Energy inks massive lithium supply deal

LG Energy Solution has signed a massive lithium supply deal with a Chilean company, the battery maker said Friday. With the signing of the agreement,...

Incentive deal puts LG’s Canada battery plant on track

A battery manufacturing joint venture between LG Energy Solution and Stellantis will receive state incentives from the Canadian government equivalent to what the U.S....

Korean companies to invest $8 billion in U.S. battery factories

SK On and Hyundai Motor and related companies will together invest $5 billion to build an electric vehicle battery plant in Georgia, a major...

[EXCLUSIVE] Georgia governor says IRA hurts Korean companies

Georgia Governor Brian Kemp said that the Biden administration's Inflation Reduction Act (IRA) is hurting Korean companies, in an exclusive interview with the Korea...

Koo Kwang-mo visits LG Chem plant amid global battery supply uncertainties

LG Corporation Chairman Koo Kwang-mo visited LG Chem’s domestic battery material plant as the company braces for the new U.S. battery sourcing rules amid...

U.S. announced 16 EVS eligible for $7500 tax credit, and Hyundai and KIA excluded

The U.S. government on Sunday announced 16 electric vehicles that will be eligible for subsidies of up to $7500. Hyundai and Kia's electric vehicles...

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