
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.