Only this weekend! Samsung Discover deals! Galaxy S24 Ultra, Watch 6, Z Fold 5 or, Z Flip 5.

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung fails to qualify for EV battery subsidies in China

    General
    By 

    Last updated: June 21st, 2016 at 08:17 UTC+02:00

    Samsung SDI has failed to receive certification from the Chinese government for subsidies on batteries for electric vehicles. It's not the only Korean battery maker that has failed to qualify as LG Chem is in the same boat. Failure to get certification means both companies will not be subsidized for car batteries starting 2018 so their cost of doing business in China goes up significantly, at least for electric cars.

    The Ministry of Industry and Information Technology of China recently made the fourth announcement of companies that have been certified as battery makers that meet China's regulations. No Korean company is included in the list of 31 companies that have been certified, the report suggests that they were left out due to ministry not being satisfied by their compliance with regulatory rules as well as because of some issues with documentation. If Samsung SDI does not get a subsidy in China that's equal to half of the electric vehicle's total price it's going to be very hard for the company to compete with those who will be getting subsidies. It simply won't be able to match them on price even if it has the better product and regardless of the fact that Samsung SDI opened up an electric vehicle battery plant in Xi’an just last year.

    Via General Samsung SDI

    You might also like

    Samsung aims to produce all solid state batteries for EVs by 2027

    Samsung aims to produce all solid state batteries for EVs by 2027

    With car manufacturers across the globe rapidly electrifying their lineups, demand for batteries has gone through the roof. Samsung SDI, the battery making company of the Samsung Group, has been investing heavily in its manufacturing facilities to cater to this demand. Samsung SDI is also focusing on improving battery technology in order to provide next-generation […]

    • By Adnan Farooqui
    • 1 week ago
    Samsung is opening up another battery factory in Hungary

    Samsung is opening up another battery factory in Hungary

    Samsung SDI, the conglomerate's battery affiliate, already has a sizable presence in Hungary. The company manufactures many different types of batteries in the country. As demand for battery products grows, so does its need to expand production capacity. According to a new report out of South Korea, Samsung has finalized plans to set up another […]

    • By Adnan Farooqui
    • 1 week ago
    Samsung boss talks up bold challenges at battery plant visit in Malaysia

    Samsung boss talks up bold challenges at battery plant visit in Malaysia

    There's been a lot of speculation recently regarding Samsung's return to the mergers and acquisitions space after Chairman Lee Jae-yong finally got a respite in his legal troubles. Insiders at the company view his legal troubles as the major contributing factor to a lost decade of significant potential investments in growth businesses. With the chairman […]

    • By Adnan Farooqui
    • 4 weeks ago
    General Motors CEO meets Samsung executives for EV batteries and parts

    General Motors CEO meets Samsung executives for EV batteries and parts

    Samsung makes a lot of things other than smartphones, tablets, and TVs. It makes display panels, batteries, and various electronic components, and they are used by several firms worldwide. Yesterday, General Motors CEO Mary Barra met with high-ranking officials from Samsung to collaborate on batteries and other electronic components for electric vehicles. According to Yonhap […]

    • By Asif Iqbal Shaik
    • 1 month ago
    Samsung SDI could use Chinese equipment to make new batteries

    Samsung SDI could use Chinese equipment to make new batteries

    Samsung SDI, the battery making division of the conglomerate, has been planning to establish a lithium iron phosphate battery production line. These batteries deliver distinct benefits of having a longer life span and improved charge efficiency. The company recently held a conference at its plant in Cheonan, South Korea, highlighting the plan to potential vendors […]

    • By Adnan Farooqui
    • 1 month ago
    Samsung SDI invests in Canadian nickel mining firm

    Samsung SDI invests in Canadian nickel mining firm

    Samsung SDI, Samsung's battery manufacturing arm, has invested in a Canadian nickel mining firm. The company has signed a deal to invest in Canada Nickel, which would help Samsung SDI acquire the critical materials required to manufacture rechargeable batteries. Samsung SDI is trying to secure electric car battery material in North America The Canadian firm […]

    • By Asif Iqbal Shaik
    • 2 months ago