Excluded From Certification Samsung SDI, LG Chem Ineligible for EV Battery Subsidies in China

Korean battery makers, LG Chem and Samsung SDI have failed to obtain the certification of electric vehicle batteries from the Chinese government. It suggests that the two companies will not be subsidized for electric car batteries from 2018 so that the prospects of their business in the country are very gloomy.

According to industry sources on June 20, the Ministry of Industry and Information Technology of the Chinese government recently made the fourth announcement of the certificated battery companies that have met the Chinese regulations. Unfortunately, however, Korean companies are not included in the list of the 31 certified battery makers. They are said to have not satisfied the regulatory rules prescribing the qualification process, including about documentation.

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