Trump EV Skepticism Threatens $54 Billion in Korea Plans (1)

South Korean companies are reconsidering their $54 billion investment blitz to build electric-vehicle battery plants in the US over concerns President-elect Donald Trumpcould undo tax credits for EVs.

Some Korean companies have slowed or hit the pause button on any ongoing construction of some plants because they’re concerned about reduced demand for EVs and what Trump would do during a second term in the White House, people familiar with the matter said, asking not to be identified due to the sensitivity of the issue. Posco Future M, which makes cathodes for General Motors Co., said in a filing ...