Government Boosts R&D for Solid-State Batteries in EVs and Wearables (Image supported by ChatGPT)
SEOUL, May 19 (Korea Bizwire) — South Korea will invest 182.4 billion won (US$130.4 million) in developing and commercializing next-generation solid-state batteries, used in powering wearable mobile devices and electric vehicles (EVs), the industry ministry said Monday.
In detail, the government plans to spend 35.8 billion won until 2028 to develop solid-state batteries for small IT devices, such as smart watches, virtual reality headsets and wireless earphones, according to the Ministry of Trade, Industry and Energy.
Another 29.4 billion won will be funneled into developing ultra-compact multilayer ceramic solid-state batteries for auxiliary power systems until 2026.
The government will also spend 117.2 billion won by 2028 on developing next-generation rechargeable batteries for EVs, including solid-state, lithium metal and lithium-sulfur batteries.
Solid-state batteries are considered a key technology for the future battery market, as they use solid electrolytes instead of conventional liquid electrolytes, enabling improved fire safety and higher energy density.
“Once the three promising solid-state battery technologies are fully developed, they will significantly help the South Korean battery industry secure a technological edge in the sector and diversify their portfolio,” an official at the ministry said.
(Yonhap)
