Dongwha Electrolyte joins $95 mil. next-generation battery research initiative
Dongwha Electrolyte is joining a major national research initiative to develop sodium-ion batteries, as Korea seeks to advance alternatives to lithium-based energy storage and strengthen its position in the next generation of battery technology. The company, an affiliate of Dongwha Enterprise, said Tuesday that it would participate in the Market-Leading Next-Generation Secondary Battery…
Dongwha Electrolyte has agreed to join a $95 million research initiative focused on developing next-generation sodium-ion batteries. The country is looking to diversify energy storage options and bolster its role in the upcoming battery technology revolution. Dongwha Electrolyte, a subsidiary of Dongwha Enterprise, will be part of the Market-Leading Next-Generation Secondary Battery Innovation Strategic Research Group, or K-BIC, under the government's Global TOP Strategic Research Group support program.
The program has a total budget of 130 billion won ($95 million) and involves collaborations between various industry, academic, research institution, and government players. Dongwha Electrolyte is the sole electrolyte manufacturer among the participating entities. The company will take part in the second phase of a project aimed at creating low-cost, long-lasting, non-lithium secondary batteries, with the focus on sodium-ion technology that can be produced at lower costs.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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