South Korea offers $29 billion in aid to battery makers amid metals war

  • Wednesday, December 13, 2023
  • Source:ferro-alloys.com

  • Keywords:steel, electric vehicles, batteries
[Fellow]South Korea unveiled a 38 trillion won ($29 billion) financial package over the next five years aimed at helping local electric-vehicle battery makers diversify their supply chains as the US calls for a reduced reliance on China.

[Ferro-Alloys.com] 

South Korea offers $29 billion in aid to battery makers amid metals war

South Korea unveiled a 38 trillion won ($29 billion) financial package over the next five years aimed at helping local electric-vehicle battery makers diversify their supply chains as the US calls for a reduced reliance on China.

To speed up the recycling ecosystem in the country, Korea will also relax rules on the handling of second-hand batteries and will set up new safety rules on removing, storing and shipping spent cells.

  • [Editor:邢亚敏]

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