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Mobility

EV subsidies run out, Q4 buying cliff takes hold in South Korea

South Korea is seeing an electric-vehicle buying slump as paths to receive subsidies for new purchases are effectively closing. Many local cities and counties have already stopped accepting applications, and major areas including Seoul and Gyeonggi are nearing exhaustion of 2026 budgets. Some import-car dealerships are steering new customers toward deliveries in the first half of next year, making subsidy receipt uncertain. Automakers are shifting shipments toward hybrids, while battery makers seek more North American grid ESS orders.

Mobility

China 45 percent, Europe 26 percent, U.S. 5.9 percent: Why the EV gap has widened

The United States risks falling behind in the global shift to electric vehicles as its pace of adoption trails China, Europe and some emerging markets, a report said. Battery electric vehicles accounted for 5.9 percent of U.S. new-car sales in the first half of the year. China reached about 45 percent in August and Europe 26 percent in July. The report cited trade barriers, policy changes and reduced automaker investment.

Industry

LG Energy Solution in talks to supply 46-series batteries to Indigo Tech

LG Energy Solution has signed a strategic memorandum of understanding with U.S. electric commercial vehicle startup Indigo Tech to target the North American market. The companies will discuss applying LG Energy Solution’s 46-series cylindrical battery cells to Indigo Tech’s next-generation models Flow Ride and Flow Cargo. They will also pursue technical cooperation to extend driving range and cut charging time. LG Energy Solution plans to broaden 46-series supply references in North America.