SEOUL, October 13 (AJP) - South Korean battery materials producer EcoPro BM plans to turn its German liaison office into a full-fledged sales subsidiary as it seeks to deepen its presence in Europe’s fast-growing electric vehicle market.
The move, announced Monday, marks a strategic step for the company to expand beyond its core cathode materials business into recycling, while broadening its customer base across the region.
As Europe accelerates its shift toward electric mobility, demand for battery materials is soaring — along with pressure to meet strict environmental and sourcing standards under the European Union’s Critical Raw Materials Act.
EcoPro BM said the new subsidiary will strengthen coordination between its South Korean headquarters and European battery makers, improving supply chain efficiency and regulatory compliance.
The company also aims to enhance communication with potential clients and secure recycling feedstock in the region. Construction of its cathode materials plant in Debrecen, Hungary, is nearing completion, and the European subsidiary will serve as a hub for marketing and logistics once production begins.
“The new corporate entity will allow us to collaborate more closely with local partners and explore new business opportunities, including recycling and cathode material supply,” an EcoPro BM spokesperson said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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