South Korean battery equipment manufacturers are intensifying their presence in India, driven by the growing demand for electric vehicles (EVs) and the globalization of the EV supply chain. As the world's largest EV market, India is expected to play a crucial role in the global shift towards electrification, with many major automakers planning to launch EV models in the country. In response, Korean companies such as LG Energy Solution and SK On are expanding their production capacity and investing in local manufacturing facilities to meet the increasing demand for EV batteries. By establishing a strong foothold in India, these companies aim to capitalize on the country's growing EV market and reduce their reliance on traditional export markets.
Korean battery equipment makers expand India push as EV supply chain globalizes digitimes
