Seoul hosts inaugural World Battery Forum

Seoul hosts inaugural World Battery Forum

Seoul hosts inaugural World Battery Forum 1024 638 Energy Storage Journal

March 7, 2024: Representatives of battery associations from South Korea, the US, Europe and Japan attended the first annual World Battery Forum in Seoul on March 4.

The Korea Battery Industry Association (KBIA) hosted the inaugural forum that will be convened once a year, with the second meeting to be held in 2025 in the US.

Initial members of the forum include KBIA, the US Portable Rechargeable Battery Association, Europe’s industry association for advanced rechargeable and lithium batteries (RECHARGE), the Battery Association for the Supply Chain in Japan and the Battery Association of Japan.

NATTBatt participated as an observer ahead of becoming a member of the forum.

Global major cell manufacturers were also represented at the forum including LG Energy Solution, Samsung SDI and SK On, along with Stellantis and Varta, Panasonic, TDK Corporation and Microsoft.

KBIA said the forum will serve as an umbrella body for associations to campaign for batteries to be at the heart of eco-friendly policies worldwide, scrutinize regulatory measures, support fair and free trade and investment in the battery industry and cooperate to secure battery supply chains.

Topics on the agenda for the first meeting included the impact of the US Inflation Reduction Act internationally, policy and regulatory environments, battery supply chains and battery recycling-related issues

KBIA executive vice president Park Tae-sung said the forum is laying the foundations to strengthen cooperation on issues affecting the battery industry globally.

“We look forward to the forum serving as a platform for the global battery industry to cooperate on worldwide battery-related policies, regulations and standardization.”