South Korea has called on China to ensure “a fair business environment” for battery manufacturers to compete for business across the two countries.
South Korea’s trade minister Paik Un-gyu (pictured) made the plea during a meeting with his Chinese counterpart Miao Wei in Seoul, the Yonhap news agency reported.
Chinese battery recycler GEM has signed a three-year colbalt materials supply deal with Swiss mining company Glencore.
GEM said the move would secure materials needed to supply batteries to China’s growing electric vehicle market.
South Korean battery maker Samsung SDI is part of an international consortium cleared to invest in developing battery materials facilities in Chile.
Samsung is among companies from South Korea and China expected to invest a total $754 million in the project, the Chilean Economic Development Agency (Corfo) confirmed.
Seoul has confirmed it is in direct talks with China aimed at patching up a trade row that led Beijing to slap sanctions on the use of South Korean batteries.
As BBB reported last week, signs that the two countries were attempting to bury the batteries hatchet emerged as South Korean and Chinese firms formed two joint ventures to produce lithium-ion battery materials from bases in China.
Younicos is to replace a lead-acid battery storage system at one of the largest wind farms in Hawaii with Samsung SDI lithium-ion technology.
Younicos, a subsidiary of Scotland-based Aggreko, said it has signed a deal with US renewable power operator, TerraForm Power, to install a 10MW lithium battery system that marries with its Y.Q Younicos control software, to upgrade energy storage at the Kaheawa wind farm, on the island of Maui.
New battery technology designed to increase the range of electric vehicles has been showcased by Samsung SDI in the US.
The South Korean lithium-ion battery company lined up various capacities (37, 50, 60 and 94 Ah) of battery cells for EVs and plug-in hybrid EVs at the Detroit North American International Auto Show.
Two Chinese shareholders have put a total of 30% of shares in Samsung SDI's joint venture battery company on the market, according to China’s Tianjin Property Rights Exchange (TPRE).
Samsung SDI (Tianjin) Battery Co., Ltd. (SDITB), set up in China in 2015 October, is a manufacturer of rechargeable lithium-ion batteries.