New IRA guidelines could pour cold water on joint battery ventures between S. Korea, China : Business : News : The Hankyoreh (hani.co.kr)
LG Chem and Chinese mineral supplier Huayou Cobalt jointly invested 1.2 trillion won (US$921.7 billion) to build EV battery precursor manufacturing facilities in the Saemangeum tidal flat in North Jeolla Province. SK On and Chinese battery manufacturer Ecopro jointly invested the same amount to build similar facilities in the same region.
Wherever you look, massive spending on battery development. Mind blowing numbers!!!
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