By 2023, LG Chem’s power battery production capacity will reach 250GWh

'At present, the total production capacity of LG Chem’s power batteries is 130GWh, and the capacity including cylindrical batteries will be expanded to 250GWh in 2023,' LG Chem’s global CEO Hak CheolSHIN revealed at the 2020 Global New Energy Vehicle Conference. At the same time, he It is also predicted that the new energy vehicle market, dominated by pure electric and plug-in hybrid vehicles, will grow from 4.8 million in 2020 to 16.8 million in 2025, and China is expected to maintain the world's number one position in the global electric vehicle market. One's market share. On this basis, he said that car companies and battery companies will continue to seek cooperation opportunities in the Chinese market. Regarding the medium and long-term development trend of the power battery industry, Xin Xuezhe believes that with the rapid growth of power batteries, the trends of power battery products and technologies will also change. Among them, in terms of materials, the industry is actively developing advanced cathode materials to obtain better energy density and safer availability. At the same time, the integration of modules can not only create more space for the assembly of battery cells, but also can use effective cooling devices to maintain the best use environment of the battery, in order to meet consumers' demand for less than 15 minutes of charging time. Demand, the development of silicon-based cathode materials will become critical, including the use of highly conductive materials. Finally, reducing battery production costs is still an important factor in meeting customer needs. From the perspective of sustainable development, cobalt-free batteries are also a feasible way, and the improved module/battery pack structure will effectively reduce production costs and increase production efficiency. In the field of power batteries, many companies are currently actively promoting the development of innovative next-generation battery technologies to prepare for the post-lithium-ion era. At this stage, battery innovation is mainly concentrated in all-solid-state batteries. Compared with existing batteries using liquid electrolytes, all-solid-state batteries are expected to achieve higher safety. At the same time, there are also many companies developing lithium-sulfur batteries, which can achieve higher energy density and lighter weight. LG Chem believes that lithium-sulfur battery technology will be a feasible solution in the field of aviation travel in the future. From the perspective of LG Chem, according to Xin Xuezhe’s introduction, LG Chem’s mid- and long-term strategy for power batteries has three main directions: First, LG Chem will accelerate the development of products with high safety, long battery life, fast charging, and long life to accelerate the promotion of electric power. Expansion and popularization of the automobile market. Second, LG Chem will continue to improve its service capabilities to meet customer needs by improving the production efficiency of its global production bases. In order to keep up with the pace of the digital transformation model, LG Chem will use artificial intelligence to create a smart factory with three core concepts of automation, digitalization and self-optimization. Third, LG Chem will continue to strengthen its Ru0026D capabilities, develop differentiated materials and products, and next-generation innovative batteries.