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Korea Pledges $7 Billion Aid Package for EV Battery Supply Chain

South Korea will provide 9.7 trillion won ($7.1 billion) in financial aid for local electric-car battery makers to build a new supply chain that complies with US tax credit rules intended to reduce reliance on China.

By: financialpost.com

May 08 2024
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Korea Pledges $7 Billion Aid Package for EV Battery Supply Chain

(Bloomberg) — South Korea will provide 9.7 trillion won ($7.1 billion) in financial aid for local electric-car battery makers to build a new supply chain that complies with US tax credit rules intended to reduce reliance on China. Read More

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Auto theft crisis deepens as insurance claims top $1.5 billion for first time