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electric vehicle market

Korea sanctions investment to develop 300Wh/kg lithium-ion battery

Mon, 09/26/2016 - 10:57 -- Paul Crompton
Korea sanctions investment to develop 300Wh/kg lithium-ion battery

Korea is set to invest 43 billion won ($38.4 million) in a bid to double the energy density of lithium-ion batteries for the electric vehicle market by 2020, according to reports.

Developers plan to produce a 300Wh/kg battery, news outlet Korea Joongang Daily reported the country’s Ministry of Trade, Industry and Energy as saying.

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