South Korea aims to deliver the world’s first solid state-batteries for EVs

South Korea is investing 20 trillion won ($15 billion) by 2030 in the world’s first solid-state batteries for electric vehicles. According to a statement from the presidential office acquired by Bloomberg and reported on Thursday, the country plans to be the first in the world to commercialize solid-state batteries.

The investment will be jointly made by public and private sectors and the ambitious plan was announced during a meeting hosted by President Yoon Suk Yeol Thursday.

Solid-state batteries, as their name suggests, are batteries that have both solid electrodes and solid…