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Tesla, the largest electric vehicle in the United States, has focused on iron-based batteries, and China's LEP batteries have begun expanding following GM's plant construction. LG Ensol's sales and operating profit in the first quarter of this year more than doubled compared to the same period last year, which is attributed to the increase in demand from Tesla and GM. Tesla unveiled its “Master ..

Ford Motor Company of the United States officially announced on the 13th that it would build an iron phosphate battery plant in Michigan with CALT of China. Last year, Ford signed a contract with South Korea’s SK On to build three triionic battery factories as a “joint venture,” showing a gap. "Manufacturing in the United States will bring us closer to battery independence," said Ford chairman B..

Economic ministers from France and Germany have entered into a cooperative system to demand “transparency” about subsidies for electric vehicles under the US Inflation Reduction Act. The Korean government and media have continued to reveal the possibility of amending the Inflation Reduction Act (IRA) as European countries have objected to the discriminatory payment of subsidies for electric vehi..

South Korea requested a “commercial electric vehicle (EV) tax credit” from the U.S. Treasury Department, and Toyota Motor Corp., GM Tesla, and others expressed their “opposition” opinions. On the 6th, the Korean government issued a public comment on the US Inflation Reduction Act (IRA) to the US Internal Revenue Service (IRS-2022-0027-0001) (The Government of Korea's Comments on the Implementati..

Korea's economic growth rate stopped in the third quarter, and the exchange rate is expected to grow by 1.9% next year, with an exchange rate of 1,455 won. According to a Reuters expert survey on the 25th, Korea's growth rate will stop growing in the third quarter and ease 2.6% this year and 1.9% next year. U.S. Treasury Secretary Allen reported to reporters on the 24th that "he made a statement..

Professor Pull Krugman told the Korean media about the US Inflation Act (IRA) as "to prove the Democrats' climate response policy in the political struggle against the anti-democratic Republican Party to create jobs." Poul Krugman, a professor at the City University of New York (Nobel Prize in Economics), said in an interview with Maeil Business News on the 3rd, “Korea needs to look at the const..

Regarding the US law on electric vehicle subsidies, the White House stated that the 'strategic supply of free zones' was 'Korea's interest', and the Korean government approached it as 'violation of free trade', and the gap widened. After the meeting in Hawaii on the 2nd, Kim said, "The US tends to think that the (inflation reduction law) has many advantages in terms of alliances and economic sec..