South Korea announces $15bn investment in advanced battery technologies

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SEOUL: The South Korean authorities and its high battery corporations plan to collectively make investments 20 trillion gained ($15.1 billion) via 2030 to develop superior battery applied sciences, together with solid-state batteries, the trade ministry mentioned, in line with Reuters

“The joint funding will permit South Korea to start out business manufacturing of stable state batteries forward of others,” the ministry mentioned in a press release.

South Korea is house to a few of the world’s 5 largest electrical car battery makers – LG Vitality Resolution, Samsung SDI Co., and SK On.

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