Battery demand surges in North Korea as customs clearance opens
North Korean trading companies are placing sharply higher orders for batteries now that customs clearance has opened between China and North Korea, but strict safety procedures for the fire-prone cargo mean supply still cannot keep pace with demand. North Korean trading companies have significantly increased their orders for batteries of all kinds in recent weeks, […]
North Korean trading companies are placing significantly higher orders for batteries as customs clearance between China and North Korea becomes available. However, safety procedures for fire-prone cargo limit supply, causing a demand-supply gap. Trading companies have ordered various sizes of batteries for electric vehicles, storage of solar power, and household use.
Despite the opening of official trade channels, batteries are classified as hazardous cargo due to their fire risk during storage and transport, requiring stricter customs procedures. This has resulted in a pooling of orders to meet the volume requirements. As the demand for batteries continues to rise, fueled by the popularity of electric vehicles and the adoption of solar power, supply struggles to keep up.
Written by urgent.news from Daily NK's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
