South Korea's Battery Makers Prepare for W1 Trillion ESS Price War

Korea’s battery trio braces for W1tr ESS price war

South Korea’s three largest battery makers are preparing to compete for about 1 trillion won ($706.8 million) in the government’s third energy storage system tender, which could open as early as this month. Samsung SDI leads in cumulative orders from the first two rounds, but SK On’s victory in the latest tender has reset the competition, putting greater pressure on LG Energy Solution and its domestic rivals to cut costs. The Korea Power Exchange completed industry consultations for the third ro

By The Korea Herald