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Industry

EU battery label, QR mandate nears as Korean battery makers face supplier verification test

EU Battery Regulation requirements are entering an implementation phase as the shipment gap between South Korea’s top three battery makers and CATL widens in Europe. From Aug. 18, exporters to the EU must provide a general information label and QR code with details such as manufacturer data, plant location, weight, capacity and hazardous substances. Requirements will expand to carbon footprint grades, supply-chain due diligence, recycled content documents and battery passports, increasing compliance burdens on materials and parts suppliers.

Industry

Ecopro BM posts Q2 operating profit of 18 billion won, down 63 percent year on year

Ecopro BM stayed profitable this quarter, posting second-quarter consolidated revenue of 576.7 billion won and operating profit of 18 billion won, it said on July 31. Revenue fell 26.0 percent and operating profit dropped 63.2 percent from a year earlier. Results also weakened from the prior quarter, and the company swung to a net loss of 4.5 billion won. It plans to expand cathode-material supply and advance investments in Indonesia and Hungary.

Mobility

Mercedes eyes Hungary production for compact G-Class in bid to cut costs

Mercedes-Benz is reported to be pushing a plan to produce its compact G-Class, known as the “Baby G”, in Hungary rather than Germany to lower manufacturing costs and offer a more accessible-priced G-Class. The model is also said to be switching to the MMA platform that supports both electric and internal combustion powertrains. Expectations include preserving G-Class styling while offering less off-road capability and using more conventional drivetrain layouts than the larger G-Class EV.