SONY To Manipulate The Price Of The Battery By The EU Fined $180 Million

- Dec 13, 2016-

Beijing on December 13th news, according to foreign media reports, the European Commission said on Monday, has been on the three Japanese rechargeable lithium ion battery manufacturer fined 166 million euros ($176 million 200 thousand), because these manufacturers involved in card battery prices in Myrtle tissue manipulation from 2004 to 2007.          

The European Commission said that the three Japanese manufacturers together with South Korea's Samsung SDI company in a temporary increase in the price of batteries, the exchange of sensitive information agreed on, such as mobile phone, notebook or related to the electric tool manufacturers offer the expected or planned. The company's action is designed to avoid fierce competition in the market.          

Among them, SONY was fined 29 million 800 thousand euros, a fine of 38 million 900 thousand euros, SANYO was fined 97 million 100 thousand euros. Samsung SDI due to report to the European Commission of this organization, so there is no fine.          

The European Commission said the companies were all admitted to the cartel and agreed to settle charges. "Today's decision of four penalties for rechargeable battery manufacturers, their collusion affects a large number of sales to the European consumer prices," the European Commission competition commissioner Margaret Wistag (Margrethe Vestager) said in a statement.          

"This is also to other companies sent an important signal: if European consumers are affected by the cartel, the European Commission will investigate, even if their anti competitive contact outside Europe," she said.          

Rechargeable lithium ion battery is a notebook, power tools, as well as intelligent machines, tablet PCs and other small devices are most commonly used in a rechargeable battery type.

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