South Korean authorities will financially stimulate the emergence of a new generation of batteries
According to South Korean sources, the government of the Republic of Korea intends to invest in the development of new generation batteries. This will take the form of direct funding for companies such as LG Chem and Samsung SDI, as well as facilitating a merger between battery and electric vehicle manufacturers. The South Korean authorities do not expect help from the “invisible hand of the market” and intend to use proven tools of protectionism and […]