[Edaily Reporter JAEMIN SONG ] “Due to U.S. regulations regarding Foreign Entities of Concern (FEOC), it is difficult for Chinese companies to secure benefits such as the Advanced Manufacturing Production Credit (AMPC) or the Investment Tax Credit (ITC). Consequently, we believe there will be limits to Chinese companies’ ability to expand their influence in the U.S. energy storage system (ESS) market. We are converting our electric vehicle production lines for ESS use to increase local production capacity, while focusing on developing next-generation products and strengthening our ESS system integration (SI) capabilities. We will expand both our customer base and profitability by providing differentiated solutions, such as using software to improve energy efficiency.”
…LG Energy Solution Q2 2026 Conference Call
LG Energy Solution’s Wrocław plant in Poland. (Photo: LG Energy Solution)
It has been confirmed that Hyunseong Techno, the parent company of Hyunseong Autotech—a former Tier 1 supplier to KIA CORPORATION(000270) —has received a decision from the Seoul Bankruptcy Court to te…
With the deadline for stricter environmental regulations in the European automotive market just two months away, domestic cybersecurity companies are stepping up their efforts. This is because, starti…
HLB INC. Chairman Jin Yang-gon and employees attending the “Ripictu FDA Approval Ceremony” held on the 29th at the HLB Hak-dong headquarters in Gangnam-gu, Seoul. (Photo: HLB INC.)
HLB Group celeb…
