South Korean giant LG Energy Solution (LGES) is in talks with Chinese suppliers to produce low-cost batteries for the European market. The strategic move comes at a time of slowing global demand for electric vehicles and new EU tariffs on Chinese-made EVs. LGES plans to match the prices of Chinese competitors within three years through joint ventures or long-term supply contracts. Potential production sites for lithium phosphate cathodes (a key component of cheaper batteries) include Morocco, Finland and Indonesia. reuters.com 🇬🇧