UPDATED WEEKLY
The Hysteresis
Where battery markets lag — and leadWe spent this week looking for denominators. Samsung SDI reported a KRW 177 billion battery segment loss last quarter without disclosing whether US production credits were inside that number. LG Energy Solution disclosed theirs and looked worse for the honesty. That kept happening. Korean utilization hasn't refreshed since March. US plant trackers count cancellations without separating them from conversions. China's cell price went flat, so the quote stopped carrying information. Every section of this issue landed on the same condition: a claim sitting on a number nobody published.
ISSUE #4
The Hysteresis
We spent this week looking for denominators. Samsung SDI reported a KRW 177 billion battery segment loss last quarter without disclosing whether US production credits were inside that number. LG Energy Solution disclosed theirs and looked worse for the honesty. That kept happening. Korean utilization hasn't refreshed since March. US plant trackers count cancellations without separating them from conversions. China's cell price went flat, so the quote stopped carrying information. Every section of this issue landed on the same condition: a claim sitting on a number nobody published.
ISSUE #4
Monday, July 6
