Innovations for better EV battery technology are starved of funds
One of the world’s biggest battery companies is mulling a reversal on a $1.3 billion project to churn out electric vehicle (EV) power packs in Arizona. South Korea’s LG Energy Solution Ltd cited surging costs and slowing demand for its rethink. That’s a blow to EVs and batteries, and to US supply chain onshoring. It is, however, an opening for the funding of under-the-radar tech breakthroughs.