Japanese Carmakers’ EV Chasm Deepens, Raising K-Battery Order Concerns

Japanese automakers are facing strong aftereffects after failing to respond quickly to the global electric vehicle chasm, or demand cliff. Since the Middle East war in March, EV demand has been increasing, but the pace of recovery is said to be slower than expected. This trend could also weigh on Korean battery companies that have supply ties with Japanese carmakers. If automakers’ EV strategies are delayed or sales recovery remains sluggish, concerns may grow over possible disruptions to battery order schedules. mk.co.kr reported that Japanese automakers are facing heavy fallout after failing to respond nimbly to changes in the EV chasm.