South Korea Inks MOU With US For Onshoring EV Battery Production


QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced today that the President of KIAT (Korean Institute for Advancement of Technology), Vice Chairman of KBIA (Korean Battery Industry Association) and President of KETI (Korean Electronics Technology Institute), and Executive Director of NAATBatt have signed a Memorandum of Understanding (MoU) to facilitate the onshoring of Korean battery manufacturers in the United States. The signing took place at the Waldorf Astoria in Washington, DC in conjunction with US President Biden and South Korean President Yoon Suk Ye’s intergovernmental meeting. QAD is a member of the NAATBatt Association and QAD’s Head of EV and Mobility Andreas Bareid serves as a Co-Chairman of the NAATBatt Onshoring Committee and Board Member.

QAD's Andreas Bareid, NAATBatt's James Greenberger and others at the signing of the Memorandum of Understanding between the US and South Korea

This MoU is a critical step in furthering efforts to bring battery manufacturing to the United States and was developed with support of the NAATBatt Association, a non-profit trade association that is composed of companies, associations and research institutions involved with commercializing advanced, electrochemical energy storage technology for emerging, high-tech applications.

"Korean companies today are world leading experts within manufacturing of lithium based batteries," said James Greenberger, founder and executive director of NAATBatt. "If we want to build a vibrant North American supply chain for lithium based batteries as quickly as possible, we need to use the best available manufacturing technology to achieve this. Today, this technology is largely with Korean companies. Hence we should integrate these Korean experts and companies to be part of that supply chain and the North American business community."

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