November 10, 2024: China’s battery testing firm, Shenzhen Precise Testing Technology has formed a partnership with Minespider, a technology company offering a blockchain-based traceability platform and EU-compliant battery passports.

The partnership aims to simplify compliance for Chinese battery manufacturers and market players with EU Battery Regulations, as well as streamlining the flow of batteries between Europe and China. 

From February 2027, all EV batteries, light means of transport batteries, and industrial batteries exceeding 2kWh must have a Battery Passport to enter the European market.

The Battery Passport is designed to address EU regulations on its manufacture location and source of its materials and includes information on the battery type, chemistry and performance details, as well as sustainability data.

“Our collaboration with Precise Testing Technology marks a crucial moment in streamlining compliance for Chinese battery market players entering and operating within the EU,” said Nathan Williams, CEO of Minespider

“Battery regulation is complex and many points are yet to be fully clarified, with much uncertainty in place. At the same time, battery passports are the future. Each global battery market player will have to have a battery passport and enable seamless communication of important battery data across the supply chain. With the regulatory landscape evolving rapidly, this partnership couldn’t come at a better time.”