Discussion on EU Battery Regulations, ESG Response, and Business Cooperation
"European Organizations Propose Strengthening Solidarity with K-Battery"
The Korea Battery Industry Association announced on the 20th that it held the 'Korea-EU Battery Plus Forum' to strengthen battery cooperation between Korea and the European Union (EU) at 'InterBattery Europe 2024.'
The Battery Association organized this forum to provide local European expert advice on EU battery regulatory policies and ESG responses to Korean battery companies aiming to enter the European market, and to enhance business cooperation between Korean and EU companies.
The forum was attended by local companies and law firms, including BEPA (Batteries European Partnership Association) based in Brussels, the Battery Competence Cluster Netherlands, Battery Norway, the Polish Battery Association (PSPA), and the global law firm ReedSmith.
Park Tae-sung, Vice Chairman of the Battery Industry Association, Kim Yeon-seop, CEO of Lotte Energy Materials, and other battery industry officials are touring the LG Energy Solution exhibition booth at 'InterBattery Europe 2024' held in Munich, Germany. The event takes place from the 19th to the 21st. [Photo by Battery Industry Association]
At the EU battery policy session featuring a speaker from ReedSmith, presentations and consultations were conducted on ▲the current status and plans for the EU Battery Act ▲the background and status of supply chain due diligence institutionalization ▲key contents and response measures for carbon footprint ▲opportunities and challenges related to the digital battery passport.
The Battery Association stated, "In discussions with the European battery associations, BEPA and battery industry associations and institutions from Germany, the Netherlands, Norway, and Poland participated to introduce trends and current status of the battery industry in the EU and major European countries." It added, "At the Korea-EU B2B business consultation, 66 domestic companies and 30 companies including BMW and CustomCells held one-on-one consultations."
Park Tae-sung, the Association’s full-time vice chairman, said, "Europe is the world's second-largest electric vehicle battery market," adding, "We hope to create a win-win success model by strengthening the Korea-EU battery alliance through this exhibition and expect EU battery industry organizations and companies to expand partnerships with Korean battery companies."
At the opening ceremony of "InterBattery Europe 2024" held in Munich, Germany on the 19th, industry officials are taking a commemorative photo. From the left: Joo-sik Jeong, Executive Director of Kumyang; Mi-yeon Lee, CEO of Eugene Technology; Hyun-chul Kim, Head of KOTRA Europe; Tae-sung Park, Vice Chairman of the Battery Industry Association; Yong-hwi Cho, Vice President of Samsung SDI; Hyo-dae Ahn, Deputy Mayor for Economic Affairs of Ulsan Metropolitan City; Kyung-seok Ko, Consul General of the Republic of Korea in Frankfurt; Han-joo Kim, Executive Director of COEX; Jung-soo Kang, Vice President of Export-Import Bank; Hwan-doo Sung, Executive Director of Public Relations at LG Energy Solution; Yeon-seop Kim, CEO of Lotte Energy Materials; Philippa Viritum, International Strategy and Agenda Supervisor of the Netherlands Battery Cluster; Dong-pil Jang, Vice President of Power Logics. Photo by Battery Industry Association
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
