Hyperdrive
Norway Pitches For Closer Ties With Korea EV Battery Companies
- Nordic country offers abundant clean energy, raw materials
- Battery Norway touts benefits at Korean battery conference
Norway, an early adopter of electric vehicles, aims to leverage its natural resources and develop a battery production and recycling industry as one of seven focus areas in its green industrial strategy.
Photographer: Fredrik Bjerknes/BloombergThis article is for subscribers only.
Norway’s battery companies have encouraged South Korean rivals to come to the Nordic country and help build a new electric-vehicle supply chain, as Europe increases efforts to reduce its reliance on Chinese suppliers.
At a conference Tuesday in Pohang, industry group Battery Norway pitched Korean companies including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate. The event, hosted by SNE Research, was held to mark the city’s designation as a “Battery Industry Special Zone.”