The three largest South Korean companies, which control about a third of the world car battery market, are plagued by a shortage of qualified specialists. This is also due to the global demand for batteries, which has grown rapidly in the last few months. The agency informed about it Reuters.
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South Korean companies LG Energy Solution, SK Samsung SDI is one of the world’s six largest battery manufacturers. Companies such as Tesla, Ford and Volkswagen have been supplying their products for a long time. However, they are now plagued by a shortage of skilled workers, whose business is hampered.
“The battery market is growing rapidly. Recently, however, our growth has been dampened by a shortage of specialized staff, “said a representative of LG Energy Solution. “The demand for experts in the battery industry usually exceeds the supply. Companies are fighting for a very small group of people in the market. They do not want to be left behind compared to other manufacturers, “confirm the current problems of the battery manufacturer Samsung SDI.
The situation in South Korea is exacerbated by the fact that many of the company’s employees present are moving to foreign competitors who have offered them better pay. This is the case of the Swedish developer Northvolt, who has previously announced that he has hired several employees with experience from the South Korean LG Energy Solution.
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“Labor shortages in the battery industry are a global problem. The reality is that there is an imbalance between labor supply and demand. Many companies have recently begun to expand their production capacity, “he said Reuters battery sector expert Richard Kim of IHS Markit.
According to the European initiative of the EU Battery Alliance, which we have facing the automotive, chemical and engineering industries, the battery industry will need up to 800,000 new workers by 2025. In South Korea, a specialist can earn about 85 thousand US dollars a year, which is almost 1.9 million crowns.
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The share of electric cars in transport around the world is growing. Once in 2019, the share of electric cars was mostly eight percent, a year later it was already thirteen percent. Subsidies also play a significant role. In Europe alone, as a result of government subsidies, sales of electric cars increased by 41 percent last year.
It is estimated that demand for batteries around the world will increase about seventeenfold between 2019 and 2030. As much as 85 percent will be batteries for electric cars. In addition, greater use is also expected for scooters, scooters, motorcycles, longboards or public transport.