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Korean battery makers counterattack in ESS to sweep high-value North American market

South Korea’s three major battery makers are expanding in energy storage systems (ESS) as Chinese companies increase their share of the global EV battery market. The firms are securing multi-year contracts in North America, focusing on data centre demand, high-output products and full-system deliveries. U.S. rules restricting supply chains supported by certain foreign entities are also helping. Companies are widening chemistry options and increasing output, while brokerages see profitability improving as shipments rise and costs stabilise.

Industry

Korean battery makers seen delivering Q3 earnings surprise on higher ESS shipments, AMPC boost

Korean battery cell makers are expected to post third-quarter operating profit above market forecasts, helped by rising energy storage system shipments in North America that increase production subsidies under AMPC and by one-off income such as customer compensation. Industry expectations are for profits to rise from the previous quarter despite weak European EV battery shipments and a lower exchange rate. The pace of recovery may differ by company depending on when North American ESS lines start operating.

Industry

Samsung SDI unveils first cylindrical LFP battery, targets AI data centres

Samsung SDI on Sept. 29 unveiled its battery product lineup for AI data centres for the first time at Data Centre World Asia 2026 in Singapore. It set up four exhibition zones covering UPS, BBU, SBB and cells. The company said its UPS met all criteria in a large-scale indoor fire test hosted by UL Solutions, the first UPS solution globally to do so. It also introduced a cylindrical lithium iron phosphate battery for the first time.