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The approval system and operational risks are the first issues that domestic power lithium-ion battery companies need to consider and solve when going overseas.

With the gradual opening of China's power lithium-ion battery market, overseas power lithium-ion battery companies such as LG Chem and SKI have accelerated the pace of building battery plants or increasing battery production in China. Faced with the fierce competition from battery manufacturers in Japan, South Korea, Europe, and other countries, Chinese battery companies are also unwilling to lag behind and are vying for international market share by opening wholly-owned subsidiaries abroad.

Recently, Pioneer Intelligence announced that in order to further expand the overseas market, the company will use its own funds to establish a wholly-owned subsidiary in Sweden, with a provisional registered capital of 5 million Swedish krona.

On the same day, Tinci Materials announced several business progress announcements, which showed that the company agreed to invest in South Korea to establish a wholly-owned subsidiary in the form of currency and equipment, with a registered capital of 500 million won (about 3.03 million yuan). In addition, Tinci Materials will also invest in establishing a wholly-owned subsidiary in the Czech Republic in the form of currency, with a registered capital of 5 million US dollars (about 35.3 million yuan). The company is mainly engaged in the production and sales of lithium ion battery raw materials (including chemicals and hazardous chemicals).

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