By preparing for the evolving international regulatory landscape, the Korean battery industry has an invaluable chance to enhance the global standing of K-batteries.
The Korean government must take the lead in conveying these arguments to the U.S. political circles to support the domestic battery industry.
Hyundai Motor opened an EV battery plant, a joint venture with LG Energy Solution, that will provide batteries for locally made Kona EVs and other cars.
LG Energy Solution recently established a Future Technology Center dedicated to the research and development of next-generation batteries.
Newly registered Chinese-made electric buses outnumbered their Korean counterparts last year despite the government's attempt to limit its penetration into the local market.
The government will give more than 38 trillion won ($28.8 billion) of financial support to the rechargeable battery industry over the next five years to help boost the competitiveness of the sector, the Finance Ministry said Wednesday.
A U.S. senator urged the “strictest possible” standards to preclude Chinese battery firms from getting electric vehicle (EV) tax credits, while expressing concern over their pursuit of joint ventures in Korea and Morocco.
Korea and Indonesia agreed Monday to enhance bilateral cooperation on electric vehicles, batteries and supply chains of major industry minerals, the Ministry of Trade, Industry and Energy said.
When Koh Chang-seop’s daughter reached her senior year of university and began contemplating her career path, one thing the president of Chungbuk National University never told her was to lower her expectations.
Korea and Poland signed over 30 memoranda of understanding (MOUs) in areas including nuclear power plant cooperation, high-tech industries and the postwar reconstruction of Ukraine in a business forum in Warsaw on Friday.
Korea JoongAng Daily Sitemap
