Wednesday, February 19, 2020 6:47:33 AM
China government is taking Samsung and LG Chem out at the knees. Almost forcing them to take on LFP. Hence making CATL and Tesla joint venture a success by blocking Samsung and LG Chem's technology and expanding LFP sales.
https://insideevs.com/news/329724/samsung-sdi-and-lg-chem-have-a-battery-problem-in-china-where-subsidies-were-redirected-to-lfp-type/
The bulk of the batteries produced by Samsung SDI and LG Chem are pretty advanced, with high-energy density, while for the most part Chinese manufacturers often produce lithium-iron-phosphate (LFP) cells.
According to Bloomberg, someone at the government came up with the idea to cut subsidies for electric buses (up to 40%) that doesn't use LFP chmistry. As electric buses of all-kinds are big part of Chinese market, Samsung SDI and LG Chem could be hit hard
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