The South Korean government will raise an objection to China's change of the electric bus subsidy policy at the meeting of the South Korean-Chinese Business Ministers held in Beijing, China on March 17. (Related news: Zhang Xiangmu: The Ministry of Industry and Information Technology will assess the risk of ternary lithium battery, and suspend the ternary lithium battery bus into the recommended catalog)
The second official (deputy minister) of the Korea Ministry of Industry, Trade and Resources, Tae-hee, said at a regular press conference on the 23rd that the Korean side sent a letter to the Chinese government in the name of the Minister of Industry on the subsidy for the ternary battery bus. He also summoned the Chinese Ambassador to the ROK to request assistance and file an objection to the Chinese through various channels. At the meeting of the Minister of Commerce, the South Korean side also included the issue in the Korean issue.
The South Korean government intends to raise an objection to China's electric bus subsidy policy. The Chinese government changed the electric bus subsidy policy in the middle of last month, and only subsidized the lithium iron phosphate (LFP) battery bus mainly produced by Chinese manufacturers. By the time, we will not provide subsidies to ternary battery buses mainly produced by Korean manufacturers such as LG Chem and Samsung SDI.
At present, in the electric vehicle market in China, electric buses account for about 40%. The Chinese government provides about 180 million won to electric buses with a price of about 200-300 million won (about 1.06 million yuan - 1.59 million yuan). Subsidies, if Korean companies set up factories in China are unable to obtain subsidies, it is difficult to sell electric buses locally. In addition, in order to speed up the entry into the Chinese electric vehicle market, LG Chem and Samsung SDI have added large-scale production lines last year, and if the Chinese government's decision is finally implemented, these enterprises will suffer huge losses.
South Korean Industry Minister Zhou Henghuan and Chinese Minister of Commerce Gao Hucheng will attend the meeting.
In the first year of 2016, a news about the ternary material battery caused an uproar: Zhang Xiangmu, director of the equipment department of the Ministry of Industry and Information Technology, said that China started late in the field of ternary lithium batteries for the safety of passenger cars. Development and verification is not enough. The Ministry of Industry and Information Technology will organize the risk assessment of the ternary lithium battery. Before the evaluation is completed, the ternary lithium battery bus will be suspended for the list of recommended models for the promotion and application of new energy vehicles.
The battery technology route of domestic pure electric vehicles mainly includes ternary lithium batteries and lithium iron phosphate batteries. The technical route dispute has also been in existence for a long time. This ternary material power battery was suspended for new energy buses, which immediately aroused many Different opinions stand the team.
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