China controls more than half of the global rechargeable-battery market, but South Korea has plans to carve out a bigger piece of the pie. Photo: Reuters
China controls more than half of the global rechargeable-battery market, but South Korea has plans to carve out a bigger piece of the pie. Photo: Reuters
China trade

South Korea ‘battery alliance’ aims to supercharge rechargeable industry, but can it catch China?

  • New 2030 plan outlines US$35 billion investment in rechargeable batteries, as South Korean trade minister says current supply-chain ‘crisis can, in fact, be an opportunity’
  • China currently holds 56.4 per cent of the global market share of rechargeable batteries to South Korea’s 25 per cent

China controls more than half of the global rechargeable-battery market, but South Korea has plans to carve out a bigger piece of the pie. Photo: Reuters
China controls more than half of the global rechargeable-battery market, but South Korea has plans to carve out a bigger piece of the pie. Photo: Reuters
READ FULL ARTICLE