"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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