In a dazzling display at the Consumer Electronics Show (CES) 2024, South Korean battery giant, SK On, has showcased its advanced EV battery tech. This marks the second consecutive year that SK On has made a significant presence at this globally renowned tech event.
Electric vehicle adoption has been progressing at a slower pace than its potential. One of the reasons? Its limited battery range! Drivers are often concerned about the distance they can travel and the availability of charging stations, making the transition to electric cars less appealing.
But that is about to change with SK On’s new EV battery innovation. The highlight of SK On’s presentation was their plan to mass-produce lithium iron phosphate (LFP) batteries by 2026. These batteries, known for their safety and longevity, are part of the company’s strategy to deliver cost-effective and efficient energy solutions. SK On is currently in discussions with global automakers to secure LFP battery supply deals.
Despite a forecast of sluggish EV sales in 2024, SK On remains bullish on the future of EVs. The company’s optimism is reflected in their continued investment in cutting-edge battery technology and manufacturing capabilities. SK On has been developing high-nickel technology to provide exceptional quality batteries to the global market3. Their NCM9+ is a testament to this, being an energy-density-improved version of NCM9, a battery model that SK On developed by increasing the ratio of nickel to more than 90%.
In addition to its technical capabilities, SK On’s new EV battery innovation is also impressive for its sustainability and safety. Despite having a higher capacity, these batteries are made with environmentally-friendly materials, thereby contributing to a cleaner future. Moreover, the swappable design of the battery pack makes it easy to replace a damaged or worn-out battery without incurring high costs. Additionally, it has a self-heating function that helps reduce the risk of battery fire accidents, unlike some competing EV battery technologies.
The latest developments in electric vehicle battery from SK On offer a lot of promise for the future of sustainable transportation. With its long-range capabilities, fast charging time, and sustainability measures, SK On continues to push boundaries in EV battery techn. The impact of this innovative drive will undoubtedly be felt across the EV market and beyond, shaping the future of sustainable transportation.
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