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K-Battery Industry Targets U.S. ESS Market Amid EV Slump

South Korea's battery industry is facing a double challenge from slowing electric vehicle demand and intensifying competition from Chinese products, but the U.S.

  • South Korean battery industry faces decline in EV demand and competition from China
  • U.S. energy storage system market expected to grow 19% annually to 1,449 gigawatt-hours by 2035

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