Trump's cancellation of electric vehicle subsidies is bad news for Japanese and Korean power battery companies

Trump's policy of canceling electric vehicle subsidies may have a negative impact on Japanese and Korean power battery companies that have already equipped a large number of new energy vehicles in the United States. Companies such as LG Energy Solution, SK On, Samsung SDI, and Panasonic Battery will be in a difficult situation. Today (November 15), LG Energy Solution's stock price plummeted 12.09%, which may be related to this policy.