Samsung says its US-made EV batteries will cost more to produce due to tariffs

The dkorean battery manufacturer Samsung SDI is faced with growing challenges due to new US tariffs. Production in the USA is also significantly more expensive due to the new trade barriers. (Continue reading)

Samsung says its US-made EV batteries will cost more to produce due to tariffs

One of the reasons that the current US administration has provided for the tariff regime it has implemented is that there's a desire to have more manufacturing happen in the country. However, local manufacturing isn't necessarily spared the impact of tariffs if it's dependent on the global supply chain. Samsung SDI, the conglomerate's battery-making affiliate, has a production facility in the United States where it makes batteries for electric …

Samsung SDI assures that electric car batteries will be expensive for tariffs. The Trump administration’s tariff war has been a heavy blow to the electric car sector. Samsung SDI, one of the leading manufacturers of electric vehicle batteries, has launched an alert ensuring that batteries will become expensive as the U.S., for the time being, the big hit. The automobile industry is no stranger to the tariff war in which we find ourselves. Trump …