South Korean EV battery suppliers are absorbing major financial shocks as automakers slash planned capacity, with LG Energy Solution and L&F among the hardest hit. At the same time, Mexico’s new tariffs threaten supply-chain realignment, while leadership changes at Porsche and Hyundai signal strategic resets amid weaker demand.
Exactly. The shorthand formatting we use for numbers doesn't do the volume drop justice. Written out, it's far more stark!
2,900,000,000 → 7,000