Seoul: South Korea will allocate 182.4 billion won (US$130.4 million) for the development and commercialization of next-generation solid-state batteries, which are essential for wearable mobile devices and electric vehicles (EVs), as announced by the industry ministry.
According to Yonhap News Agency, the government intends to invest 35.8 billion won by 2028 in the development of solid-state batteries for small IT devices, including smart watches, virtual reality headsets, and wireless earphones. The Ministry of Trade, Industry and Energy outlined these plans, emphasizing the importance of advancing battery technology for consumer electronics.
Furthermore, 29.4 billion won will be allocated towards the development of ultra-compact multilayer ceramic solid-state batteries designed for auxiliary power systems, with a completion target set for 2026. This initiative reflects the government's commitment to enhancing power solutions for smaller electronic devices.
In a significant move to bolster the electric vehicle industry, the government will invest 117.2 billion won by 2028 in the development of next-generation rechargeable batteries. These will include solid-state, lithium metal, and lithium-sulfur batteries, all of which are crucial for the evolution of EV technology.
Solid-state batteries are recognized as a pivotal technology for the future battery market. Their use of solid electrolytes instead of traditional liquid ones offers improved fire safety and higher energy density. An official from the ministry noted that the full development of these three promising solid-state battery technologies will greatly aid the South Korean battery industry in securing a technological advantage and diversifying its portfolio.