South Korea shipped 20% more rechargeable batteries overseas in 2011 finacial year than the previous year. Of these, 56% were lithium-ion making South Korea the world’s largest exporter of lithium-ion batteries for 2011. The exports of the batteries were valued at US$3.8 billion according to the Korea Customs Service.
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The US’ dependence on lithium-ion batteries from Asia is continuing to surge despite calls by its president Joe Biden and the nation’s industry to end reliance on imported supply chains.
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