South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
https://www.msn.com/en-us/money/other/south-korea-plans-7-billion-push-to-pivot-ev-battery-industry-away-from-china/ar-BB1m1JpR?item=flightsprg-tipsubsc-v1a
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines. The Ministry of Trade, Industry and Energy in Seoul said Wednesday that it will provide 9.700 trillion won ($7.14 billion) in state financing to the local EV-battery industry this year to build up the country’s supply chain to continue to benefit from U.S. rules.
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