South Korea strives to develop a power battery with a range of 500 kilometers in 2018

In recent years, the electric vehicle industry has developed rapidly, and related power battery manufacturing has received more and more attention. South Korean SKinnovation executives said that with the continuous development of electric vehicles, the power battery market has also shown great potential. The market size of power batteries in 2016 is about 25Gwh, which will increase to 110Gwh in 2020 and 350Gwh to 1000Gwh in 2025.

South Korea strives to develop a power battery with a range of 500 kilometers in 2018

SKinnovation executives said that to improve competitiveness of power batteries, there are three issues that require special attention: battery safety performance, battery life and market share. To this end, SKinnovation also made some preparations accordingly. For example, to strengthen quality management, mass production is carried out by means of production methods that reduce the possibility of battery heat and fire; increase research and development efforts, and strive to develop a power battery with a cruising distance of 500 kilometers in 2018, and develop a cruising distance of 700 kilometers in 2020. Power battery; expanded reproduction, expanding production from 1.1Gwh in 2016 to 10Gwh in 2020.

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