During the 2020s, South Korea plans to invest $35 billion in the development of electric car batteries

, reports 3dnews. “LG Energy Solution, SK Innovation and Samsung SDI are key players in the battery market, and are planning to invest both in battery technology research and in manufacturing itself,” the South Korean government said. During the decade, the world car battery market is expected to grow almost 8-fold, from $46 billion in 2020, to $352 billion in 2030. In the first five months of this year, China’s Amperex Technology, accounted for 31% of global battery sales, according to Korea’s SNE Research.