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  1. Financial Losses to Counterfeit Batteries $0.023 Billion ($23 Million)

Counterfeit Batteries

United States Customs and Border Patrol seized $1.8 Million of counterfeit batteries in 2008.

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Sanyo Electronics stated that back in 2003, the company seized over 3,000 counterfeit batteries in markets in Bangkok.

On a raid in 2009, the company seized 234 counterfeit batteries.

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Counterfeit Batteries is the manufacturing and sale of batteries that profits off of the trademarks and brand names of legitimate battery manufacturers.

The National Electrical Manufacturers Association states that $23 million is lost to counterfeit batteries worldwide, with $12 million lost in the United States.

mber 25, 2007).

75 percent of mobile phone replacement batteries in India believed to be counterfeit.

Source: “Counterfeit account for 70-75% of replacement battery market: ICA,” The Economic Times, October 3, 2007.