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.
The L&F cathode writedown is wild. That 99% drop from $2.9B to $7k shows how fast these battery contracts can collapse when demand doesnt match the hype. I remeber a supplier friend getting caught in similar volume commitments and it was brutal. Really puts into perspective the exectuion gap between Battery Day projections and real-world production ramp.
The L&F cathode writedown is wild. That 99% drop from $2.9B to $7k shows how fast these battery contracts can collapse when demand doesnt match the hype. I remeber a supplier friend getting caught in similar volume commitments and it was brutal. Really puts into perspective the exectuion gap between Battery Day projections and real-world production ramp.
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