South Korea has allocated the equivalent of 5 billion dollars to support< /strong> companies that want to invest in the production of batteries in the United States over the next five years. The incentives will be provided in the form of tax breaks on the money borrowed to create the infrastructure necessary for the production of the "tanks" for electric cars. This was reported by Reuters, citing the South Korean industry ministry.
The government and businessmen should cooperate to find common solutions to effectively react to the changes brought about by the Inflation Reduction Act – South Korean Commerce Minister Lee Chang-yang said during a meeting with battery manufacturers.< /p>
World famous battery manufacturers in South Korea are not lacking at all. LG and Samsung have been operating in the sector for years and are among those that offer the best guarantees to the car industry together with SK On, it is no coincidence that the three supply accumulators to manufacturers such as Tesla, Volkswagen or General Motors.
Evidently the intention of the policy is that of investing in another country to allow the best to maintain their leadership and continue to be the main interface for the best, reducing the risk that others, enticed by the incentives of the Inflaction Reduction Act, see Panasonic, "ruby" to the South Korean giants a leading role in the new Silicon Valley of stars and stripes (electric) motors.
The Korean government knows what it has at home, the reality is that the Korean government knows what it has at home. such as LG and Samsung which, thanks to their skills, can carve out a space for themselves as protagonists in the future of mobility, and for this reason in November it supported an alliance of manufacturers whose goal is to find the metals necessary for the packaging of the accumulators, a field in which China has significant advantages.
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