[theold]

Korean battery makers are troubled over possibly worsening profits, due to potential requests from U.S. carmakers to share federal tax benefits given to battery plants built independently by Korean firms, according to industry officials, Monday.

The CFO, however, said the company is still questioning the sustainability of the Inflation Reduction Act (IRA), a law that stipulates details about the AMPC.

https://www.koreatimes.co.kr/www/tech/20...56493.html

[ysh02]

One company also make battery in Singapore but supposed Sg give tax preferential to it...

[theold]

You sell in US market, profit have to be shared with US companies. 

One of the reasons the markets are not moving is due to the trade war between China and the US. The supply chain is broken.