Haven't seen this one before. That's some big bucks from the Koreans.
Companies in the southeastern hub of Pohang — famous for Posco Holdings Inc. steel mills and one of the country’s elite universities — are aggressively building out EV battery campuses as carmakers hurry to find reliable suppliers outside China. Three South Korean giants in the global battery market — LG Energy Solution Ltd., Samsung SDI Co. and SK On Co. — have promised 40 trillion won ($31 billion) in domestic investments with their local suppliers.
https://www.bloomberg.com/news/articles/2023-03-15/battery-makers-plow-31-billion-into-remaking-korean-steel-hub
And from a month earlier.Korean battery manufacturers ready LFP battery production to meet growing demand
https://pulsenews.co.kr/view.php?year=2023&no=148152
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