The “Interbattery 2025” event featured 172 Chinese battery companies, enabling them to explore the Korean market. Key participants, including BYD and EVE, discussed potential partnerships and showcased innovative technologies. Goshen High Tech focused on securing certifications for market entry, reinforcing the competitive dynamics within the industry.
The “Interbattery 2025” event highlighted the significant involvement of 172 Chinese battery companies, including major players like BYD and EVE. This three-day gathering provided an opportunity for these companies to enhance their understanding of the Korean market and explore future business ventures. Notably, BYD showcased its innovative electric motorcycle batteries rather than electric vehicle batteries, reflecting a targeted strategy to promote their technology.
A representative from BYD stated that their participation aimed to assess the overall demand for electric vehicles in Korea while promoting BYD’s offerings. Meanwhile, EVE, China’s fourth-largest battery producer, expressed interest in establishing new joint ventures in Korea. Alvin Lee, EVE’s global OEM director, stated they are open to partnerships similar to their previous collaboration with SKON but highlighted that future ventures might be centered in China.
In addition, Goshen High Tech, ranked among the top five battery manufacturers in China, opted for a lecture on future battery technology rather than a conventional booth. During the session, it was mentioned that Goshen intends to expedite the process of obtaining battery performance certification in Korea. Jiang Zun, the head of East Asia Sales at Goshen, emphasized their competitive edge in LFP technology and plans to enhance their product lineup.
As companies navigate future business directions, discussions about joint ventures, market certifications, and technological investments remain pivotal in shaping the landscape of the battery industry in Korea and beyond.
The participation of Chinese battery companies at “Interbattery 2025” underscores their strategic intent to penetrate the Korean market. Companies like BYD and EVE are actively seeking partnerships and market insights, while Goshen High Tech is focused on securing necessary certifications. As these companies continue to build their presence, the prospects for collaboration and innovation in the battery sector are promising.
Original Source: www.mk.co.kr
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