Polaris Transmission and Distribution Network News: global electric vehicle lithium battery market will be occupied by South Korea South Korea in recent years, advances in battery technology to make people's attention?. The South Korean government has already supported battery technology as a strategic pillar industry and invested billions of dollars in funding.
The market share of Korea’s auto battery is catching up with Japan and becoming the world’s number one. According to market research firm B3, 51.1% of the world's electric vehicle battery sales were Japanese companies last year, and Korea accounted for 41.3%. In the early battery market, Japan accounted for more than 70%. Industry insiders expect that South Korea will start catching up with Japan this year and it is estimated that it will be the first place on small batteries and medium to large batteries.
South Korea's battery technology leading decade
Leading battery technology has boosted the market share of Korea's electric vehicle battery market. Phoenix Automobile cited German media reports that the world’s best and cheapest electric vehicle battery technology is now in the hands of Korean companies. According to Felix Horch, materials specialist at the Fraunhofer Association in Germany, “Korean’s technical advantages in batteries have been at least ten years ahead of time, and no one can surpass it for the time being.â€
In the top 10 lithium-ion battery supplier rankings of the US consulting company Navigant Research, South Korea's LG Chemical ranks first, and Samsung is also well-known on the list. Navigant Research believes that LG Chemicals is a well-deserved leader in the battery industry in terms of technology, market strategy, and corporate execution.
LG Chemical accidentally won orders for Chevrolet in 2008 and began supplying batteries to a number of automotive giants. Currently, LG Chemicals produces batteries for 20 automotive companies, including General Motors, Renault, Ford, Hyundai and Kia. By 2016, LG's battery cost is expected to drop to 150-160 euros per kilowatt-hour, and even after the launch of Bitsila's super battery plant, the cost will be low.
Samsung is also catching up and plans to create trillions of won won battery sales in the coming years through technical cooperation with BMW. Park Sung-jin, president of Samsung SDI, stated that "the expansion of the two companies' cooperation will contribute to ensuring the superiority of electric vehicle technology."
Grab the Chinese electric car market
Both LG Chemical and Samsung will continue to explore the Chinese electric vehicle battery market. LG Chem’s electric vehicle battery plant in Nanjing will be opened in September and the investment will reach several hundred million US dollars. The factory is expected to start production by the end of 2015 and the output can meet the demand of more than 100,000 electric vehicles.
In June of this year, LG Chemicals also signed an electric car battery supply contract with China's No. 1 finished car company Shanghai Automotive and Qoros. This means that LG Chemical will provide electric car batteries for four auto companies, including First Automobile, Changan Automobile, Shanghai Automotive and Qoros Automotive. LG Chemical President Park Jung-soo said: "We will supply more than 100,000 units for these four companies, and sales will reach hundreds of billions of won." This is the largest among international battery manufacturers.
In addition to LG Chemicals, Samsung SDI announced earlier this year that it will spend US$600 million to build the largest automotive power battery production base in Xi’an in China. The auto battery project will be officially put into production in 2015. In addition, SK Innovation also established a lithium battery cooperation partner with Beijing Auto Group in July last year.
Stopping the throat of German car companies
When the German auto giants searched for Japanese battery suppliers to run into trouble, they placed their hopes for the development of electric vehicles on Korean companies. In addition, German domestic companies have always lacked breakthroughs in battery technology, which has accelerated the turn of German car companies.
Audi this month signed an agreement with LG Chem to purchase LG batteries for its new plug-in hybrid vehicles worth hundreds of millions of dollars. LG Chemical said it will also win more battery orders from Audi's parent company, Volkswagen. LG said that its lithium battery performance exceeds most of the batteries currently on the market, and electric vehicles can travel 200 miles (about 320 kilometers) on a single charge, and the cost is low.
BMW has also started cooperation with Samsung long ago. With the Samsung SDI battery, the BMW i3, which was listed at the end of last year, will now have to wait for more than six months to get it. The i8, which is scheduled to be available in the second half of this year, will also be booked. Samsung may also sign contracts with Volkswagen recently to supply batteries for midsize cars and SUVs.
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Regarding whether German electric vehicles will be passively held by South Korea, Thomas Lieber of the Volkswagen Group responsible for the electric vehicle project believes that the decisive factor for electric vehicles lies in battery management, and German car companies can gain competition through optimization of battery management technology. Advantage. As for whether lithium batteries come from Germany, South Korea or the United States, there is not much difference.
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