07 . 10. 2021 , Alexey Razin
The Korean company SK innovation is the partner of Ford Motor in the production of traction batteries for electric vehicles in the USA, which managed to defend its right be present in the market in a patent dispute with LG Energy Solution. SK representatives admitted that the shortage of batteries in the US market will persist until 2025, and it makes sense to launch the production of LFP-accumulators to combat it.
Image source : Reuters
The last type of battery cells uses lithium in combined with iron phosphate. Batteries based on these components are cheaper to manufacture than those containing nickel, cobalt and manganese, but they have a lower charge storage density. In addition, they tolerate negative temperatures worse, but their propensity to fire is lower, and their service life is higher. The benefits seem to outweigh the drawbacks so far, as SK On has pledged the Korean company is willing to develop its own LFP batteries, Reuters notes. significantly exceeds the supply, according to the Korean manufacturer. The construction of a new enterprise takes at least 30 months. It is unlikely that the deficit will be overcome until 2025, as the representatives of SK On summarize. In other regional markets, the situation will be different, according to the forecasts of this company: in Europe, the balance of supply and demand will remain, and the Chinese capacity for the production of batteries will be excessive to saturate domestic demand.
In the US, Ford and SK On intend to jointly build at least three new battery factories for 2025 year, spending at least $ 8.9 billion in total on these needs. After reaching the design capacity, the enterprises will be able to provide traction batteries 30 million electric vehicles in several years. According to representatives of SK On, the auto giants do not have many chances to establish a mass production of batteries on their own, without the help of companies with experience in this area. SK On, in turn, does not limit itself to cooperation with Ford and can create alliances with other companies. The Korean company hopes to use LFP batteries in low-cost models of electric vehicles of its customers.
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