South Korea wants to cash in on U.S. taxpayer largesse… Thanks, Biden…

South Korea wants to cash in on U.S. taxpayer largesse… Thanks, Biden…

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Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info By Michael Kern - Apr 07, 2023, 1:30 PM CDT South Korea has announced a $5.32 billion financial support package aimed at helping the country's battery makers invest in infrastructure in North America over the next five years.  The initiative is intended to help South Korean firms capitalize on the United States' Inflation Reduction Act, which requires automakers to source 50% of critical EV battery resources from the U.S. or a U.S. free-trade partner to qualify for new federal incentives.  ';document.write(write_html); South Korea's package will...
Source: https://oilprice.com/Latest-Energy-News/World-News/South-Korea-Pledges-5-Billion-In-Support-For-Battery-Makers-In-The-US.html