Further evidence of a Korean “land grab” of future European EV markets came last week with SK Innovation's announcement that it plans to invest around KRW1 trillion ($920 million) to build an electric vehicle (EV) battery plant in Hungary and to expand production facilities for EV batteries in South Korea.
The battery maker said it would set aside KRW840 billion for the Hungary plant, which it will start building in February. By 2020, the plant will be capable of producing 7.5GWh of batteries each year.
New hybrid energy storage technology with 100 times faster charging than conventional batteries has been developed by a South Korean research team, led by Professor Kang Jeung-ku.
The new nanotube materials was set up to comprise the basis of hybrid full-cell capacitors with faster charging and higher energy and power densities.
A Korean research team claimed they have developed a new type anode material that will greatly improving the performance of commercial lithium-ion batteries.
Ulsan National Institute of Science and Technology (UNIST), a public university in South Korea has proved the possibility of a next-generation hybrid anode using silicon-nanolayer-embedded graphite/carbon.
Korea is set to invest 43 billion won ($38.4 million) in a bid to double the energy density of lithium-ion batteries for the electric vehicle market by 2020, according to reports.
Developers plan to produce a 300Wh/kg battery, news outlet Korea Joongang Daily reported the country’s Ministry of Trade, Industry and Energy as saying.
With 400,000 pre-orders of its model 3, Tesla is looking beyond the Japanese lithium-ion battery maker Panasonic for its supply to ensure it can meet demand, reports the Korea Times.
Some Korean companies are also getting in on the act to supply materials for those batteries.
Belgian-based Solvay speciality chemicals showed its range of Solef®polyvinylidene fluoride (PVDF) materials for the battery market including its new PVDF technology for solvent and water based separator coatings for high-energy, high-safety and high-sustainability lithium-ion batteries at Interbattery in Seoul Korea last month.
With Korean makers at the heart of battery development for the EV market, Solvay is the only PVDF supplier that uses both emulsion and suspension polymerization technology, thereby offering the industry the broadest range of high-performance binders and separator coating materials.