Nice to see our JV partner Posco as part of the alliance.
“The South Korean government has launched a “battery alliance” designed to encourage local manufacturers to collaborate in the procurement of minerals for electric vehicle (EV) batteries and to develop strategy in preparation for possible supply disruptions amid heightened global uncertainty.The alliance was announced following a meeting with industry minister Lee Chang-yang and senior officials of local firms including Hyundai Motor, LG Energy Solution, SK On, Samsung SDI and Posco Chemical Company.
The ministry of trade, industry and energy said South Korean companies planned to invest a combined KRW50trn (US$35bn) locally by 2030 to develop advanced technology for secondary batteries, used mostly in EVs, and in factories.”
https://www.just-auto.com/news/south-korean-firms-join-forces-to-lead-the-global-ev-battery-market/
Good News & Bad News, page-20980
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