Government Plans to Rope In Tesla, Samsung For Local Battery Production
NDTV
Government plans to pitch to companies such as Tesla Inc, Samsung and LG Energy to encourage them to invest in manufacturing batteries locally
Government plans to pitch to companies such as Tesla Inc, Samsung and LG Energy to encourage them to invest in manufacturing batteries locally, as it looks to establish a domestic supply chain for clean transport, two government sources told Reuters.
Five roadshows will be held starting next month in countries including the United States, Germany, France, South Korea and Japan to convince battery makers to set up local production, one of the officials said.
Tesla, LG Energy and Samsung are among those who will be invited to attend, although a delegate list has not yet been confirmed
Other companies targeted include Northvolt, Panasonic and Toshiba, the official saidThe move is part of a broader $2.4 billion incentive program to boost battery manufacturing for which the government has begun inviting investment proposals from companies.
