Samsung, LG feel pinch as China scales back EV subsidies
TechnologyFeb 1, 2016
Shares of Samsung SDI and LG Chem continued to struggle Monday for almost a month, with concerns growing over China’s subsidy suspension for electric buses powered by their batteries. LG Chem shares closed at 289,000 won ($240), down 2.20 percent from Friday, while Samsung SDI shares closed nearly flat at 93,500 won after fluctuations. In its latest move to gradually scale back subsidies for EV...