South Korean tech giants producing batteries for electric vehicles from around the world are facing a shortage of experienced specialists. This could become a major obstacle, which could partially paralyze the growing transport industry with “zero emissions.”
reuters.com
Three major South Korean manufacturers control a third of the global electric vehicle battery market. LG Energy Solution (LGES), SK On and Samsung SDI Co. Ltd., one of the six largest electric car battery manufacturers in the world, report that it is facing a shortage of scientists and engineers. Everyone already has a huge number of orders from car manufacturers, and it continues to grow. At the same time, companies simply cannot recruit the required staff. “While we are seeing this kind of growth in the industry, it looks like we are experiencing a talent shortage” , an LGES spokesman said. )
Over the past five years, the global market for batteries for transportation has doubled, and only South Korea lacks almost 3000 graduate-level specialists for research and industrial design in this area. In total, the order of 90 3000 is currently working on LGES, SK On and Samsung SDI people.
The crisis in Korea reflects a global trend – there is a shortage of relevant specialists worldwide, while the battery market, as predicted by IHS Markit, by 2025 will grow to almost 90 billions of dollars. In the EU, it is believed that by 2025 the industry will need about 800 000 new employees. At the same time, everywhere the demand for talent is many times greater than the supply.
Korean companies not only organize their own educational programs for the relevant profile, but also regularly raid countries like the United States to hunt for graduates of local universities. At the same time, businesses from Korea have to compete in this field with Chinese, Japanese, American and European “bounty hunters.” lives made by foreign competitors – all enterprises resort to the practice of poaching employees. In many companies, in addition to high salaries and good social packages, really talented personnel are immediately offered shares in companies. LGES alone plans to achieve a total battery production capacity of 155 GWh by the end of this year, and 2025 year – 430 GWh. It is estimated that the latter will be enough to equip about 7.2 billion electric vehicles.
Finally, SK Innovation intends to increase production volumes by 2025 fivefold , up to 155 and intends to build three new factories in the United States together with Ford.
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