Tuesday, December 5, 2006
South Korea aims to become the world's top supplier of rechargeable batteries by 2012.The government said it has assembled the infrastructure and key materials needed to boost production.
The Ministry of Commerce, Industry and Energy announced the ambitious plan to develop next-generation secondary battery technology. The government said it expects exports of lithium-ion batteries to grow to $2.3 billion in 2008, giving South Korea a global market share of 35 percent. That total is forecast to jump to $6 billion by 2012 as South Korea is expected to account for half the world battery market. with a market share of 50 percent. It's current share totals $900 million, giving it a 22-percent share.
The ministry said the project focuses mainly on development of the lithium-ion batteries for use in the mobile devices, hybrid electric vehicles, robots and in the power storage sector.
The move follows a massive recall of lithium-ion batteries by Sony Corp. that were used primarily in laptop PCs.
By: DocMemory
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