The European Commission believes that Sony, Panasonic, Sanyo and Samsung SDI raised the price of lithium batteries in the form of cartel alliance between 2004 and 2007, and fined Sony, Panasonic and Sanyo a total of 166 million euros each. Samsung SDI was also among the targets of punishment. Samsung SDI was able to avoid the fine because in the process of facing charges, Samsung SDI turned into a stain witness and was exempted from punishment by the European Commission.

According to the announcement of the European Commission, these companies exchanged business information and together raised the price of lithium batteries after they were linked into an alliance. The European Commission fined Sony 29.8 million euros, Panasonic 38.89 million euros, Sanyo 97.15 million euros, and a total of 166 million euros.

European Commission Announcement

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