Electronics

According to a report from South Korea on August 7, with the acceleration of climate protection and carbon emission reduction, the demand for electric vehicles in Europe is increasing, and the import of batteries for electric vehicles is highly dependent on Asia, which is causing widespread concern of battery companies.

At present, the three major battery companies in Korea, including LG Energy Solutions, SK On, and Samsung SDI, are actively deploying in Europe, intending to dominate the European battery market. LG Energy Solutions is expanding the production capacity of its battery factory in Poland. Based on the first quarter of this year, it plans to invest a total of 5.5725 trillion won, and has invested 4.7669 trillion won. It is expected that the production capacity will be doubled next year; supply battery. SK On has recently successfully raised a European investment of US$2 billion, which is planned to be used for the third European factory under construction in Hungary. It is expected that the battery production capacity will reach 30GWh in 2024, which can supply 430,000 electric vehicles. In addition, SK On also It is promoting the establishment of battery cooperation enterprises with Ford and others near Ankara, Turkey to produce high-nickel and NCM batteries. It is expected that the annual production capacity will reach 45GWh from 2025. Samsung SDI invested about 1 trillion won in its Hungarian plant last year. It is expected that the second plant will be put into operation in the second half of this year and will officially start selling "Zen5" batteries. This plant will become a European manufacturer of batteries for European vehicle companies such as BMW and Volkswagen In addition, Samsung SDI is also discussing the supply of "46π" batteries (medium and large cylindrical batteries with a diameter of 46 mm) with European OEMs.