LG and Samsung vie for battery dominance

摘要

The traditional rivalry between the two Korean conglomerates, Samsung and LG, has been rekindled on one of their crucial next growth engines— batteries for electric cars. Electric component maker Samsung SDI, headed by Park Sang-jin, told a press conference this month (January) it has set up a new business division exclusively in charge of the development and sales of electric car batteries. The company's No. 2 man— executive vice president Park Je-seung— was named the division chief.