6LR61 battery.LG Chem’s differentiation strategy and three major approaches to product technology

　　"In view of the future development trend of power batteries, LG Chem will make key innovations in product technology in terms of materials, cell design, and fast charging technology." LG Chem CEO Xin Xuezhe said that the company will rely on its material advantages, advanced processes and operational capabilities to create Enterprise differentiated value.

　　On July 3, LG Chem CEO Xin Xuezhe gave a keynote speech titled "LG Chem's future-oriented power battery innovation strategy" at the 2019 World New Energy Vehicle Conference.

　　Xin Xuezhe believes that the automotive power battery market will have great development, especially as regulations in various countries are further strengthened and consumer enthusiasm is rising. The great improvement of battery performance and the further improvement of charging infrastructure will become a very large driving force for the growth of the new energy vehicle market. The new energy electric vehicle market will reach 15 million vehicles by 2025.

　　Among them, China will remain the leader in the global electric vehicle market, accounting for half of the world's basic output and demand; in Europe, the transformation of electric vehicles is also accelerating, because greenhouse gas emission regulations are more stringent and restrictive, and the entire region The strategic direction is also the strategic direction of major OEM manufacturers. Europe accounts for about 18% of the market and will rise to 32% in 2025. Growth in the U.S. market will also be slightly accelerated because it has been slower to follow up on fuel vehicles.

　　As an international power battery giant, LG Chem meets customer needs through global operations. It has corresponding factories in four areas around the world (South Korea, Nanjing, China, Michigan, USA, Poland), and corresponding R&D centers are also located very close to OEM customers. place, ensuring a very agile and flexible delivery of the highest quality automotive power batteries.

　　At the same time, LG Chem has also developed technical research bases and centers to further meet customer needs and locate more R&D gravity centers and manufacturing centers closer to customers.

　　In terms of market, LG Chem’s power batteries focus on providing differentiated value. Xin Xuezhe said that LG Chem’s advantages are mainly material advantages, different chemical capabilities, advanced processes and global operating capabilities.

　　In terms of chemical capabilities, the company is carefully conducting more research and development in this area, such as conducting more research and development on four materials, cathode materials, anode materials, electrolyte materials, and separator materials and technologies.

　　LG Chem currently holds more than 17,000 patents related to battery technology, covering long-mileage materials, separator materials, and heat dissipation materials to improve system safety and reliability.

　　In terms of advanced production technology, LG Chem is carrying out more standardization, digitalization, autonomy, and automation development. Through artificial intelligence, machine learning, and big data technology, it can maximize the space of single cells, improve the maximum life cycle and high energy density.

　　In terms of operational capabilities, LG Chem has the world's leading operational capabilities and has accumulated 20 years of experience in battery production. Therefore, the company can support customers anywhere in the world and provide support nearby.

　　Xin Xuezhe emphasized that LG Chem will continue to follow legal and market changes in various countries and pay more attention to fast charging in materials and cell design.

　　1. In the material link, ensure higher specific energy security by adding aluminum to the nickel-rich nickel-cobalt-manganese structure to improve structural stability (NCMA); develop low-cobalt technology to reduce dependence on cobalt materials and improve sustainability .

　　2. In the battery cell link, develop battery cell sizes more suitable for BEV-specific platforms and further optimize simpler and more efficient Pack assembly.

　　3. In the fast charging process, high-efficiency SiO materials are used to make the fast charging time ≤ 20 minutes. Subsequent research and development of pure silicon materials will make the fast charging time ≤ 15 minutes.

　　Regarding the development direction of next-generation batteries, Xin Xuezhe said that LG Chem will work hard to develop solid-state lithium-ion batteries. The main innovation points focus on two aspects. One is solid-state lithium-ion batteries, hoping to ensure the safety and stability of the technology and be consistent with existing technologies. Compared to a significant improvement. The second is lithium metal materials. The company is also focusing on the development of lithium-sulfur batteries and developing high-energy-density and low-cost lithium-sulfur batteries.

　　Finally, from a mid- to long-term strategic perspective, Xin Xuezhe elaborated on the four major goals of LG Chem’s power battery strategy in order to achieve its vision of becoming a leader in global battery technology and innovation.

　　The first is to develop the next generation of main EV/PHEV products, lead the market in terms of safety, cruising range, and fast charging, and focus on global OEM core projects.

　　The second is to ensure battery cost competitiveness that is comparable to that of fuel vehicles, seek cost innovation in the entire industry chain, and cooperate with OEMs to optimize cell/pack design.

　　The third is global operation, optimizing the production of power battery factories in South Korea, China (Nanjing/Binjiang), the United States, and Poland, strengthening local technical support, and establishing intelligent factories.

　　The fourth is to strengthen technology for future businesses, optimize cell materials and design to achieve differentiation; strengthen research and development capabilities to prepare for the post-lithium battery era.

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