industry ministry-battery
SEOUL, May 19 (Yonhap) — The South Korean government plans to allocate 182.4 billion won ($130.4 million) for research and development as well as the launch of next-generation solid-state batteries, which can be utilized in wearable tech gadgets and EVs, according to an announcement from the Ministry of Industry on Monday.
The government intends to allocate 35.8 billion won through 2028 to advance solid-state battery technology for small electronic gadgets like smartwatches, VR headsets, and Bluetooth headphones, as stated by the Ministry of Trade, Industry and Energy.
An additional 29.4 billion won will be invested in the development of ultra-compact multi-layer ceramic solid-state batteries for backup power systems up to the year 2026.
By 2028, the government plans to invest 117.2 billion won in researching and advancing future-oriented rechargeable battery technologies for electric vehicles, which includes solid-state, lithium-metal, and lithium-sulfur batteries.
Solid-state batteries are seen as crucial for the upcoming battery market because they utilize solid electrolytes rather than traditional liquid ones. This change enhances fire safety and allows for greater energy density.
An official from the ministry stated, "Once these three advanced solid-state battery technologies are fully developed, they will greatly assist the South Korean battery industry in gaining a competitive edge technologically within the sector and expanding their range of offerings."
nyway@yna.co.kr
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