Samsung SDI Unveils ⁤Next-Generation Batteries at IAA Transportation⁤ 2024

Samsung SDI ‍announced‌ its ‍participation​ in ‌the ‘IAA Transportation 2024’ held in ​Hanover, Germany from⁤ the‍ 17th to the 22nd (local time). ‘IAA’ is one ​of the world’s ‌largest motor shows, and ‘IAA ‌Transportation’, ⁤which deals with commercial vehicles and logistics​ solutions, is‌ held in Hanover, Germany, and ‘IAA Mobility’,‍ which focuses on passenger cars, is held alternately every year in‍ Munich.

Samsung SDI unveiled its next-generation battery ‍lineup, including lithium iron phosphate (LFP)+ batteries optimized for electric commercial vehicles, ⁣all-solid-state batteries, and 46-pi cylindrical batteries,‍ under the theme of ‘A Sustainable Future Realized with PRiMX.’

LFP+ Batteries with⁤ Improved Energy Density

Samsung SDI said about​ the ‍LFP+ battery, “By applying new plate technology,​ we have improved‍ the⁢ energy density ‍by more than 10% compared to LFP batteries.”⁢ Above all, Samsung ‍SDI explained ​that its batteries ⁤are suitable for​ commercial vehicles that require long-distance driving, as they have secured long-life performance that allows round trips between ⁢Hanover and Frankfurt more than 1,400 times and have rapid⁢ charging technology that allows 80% charging in 20 minutes. ⁢Safety has also been⁣ further enhanced by applying its own heat spread blocking ⁢technology that prevents heat from spreading to adjacent cells.

Electric Commercial Vehicle Market Growth

The⁣ electric ​commercial vehicle market is evaluated as a market with even greater potential growth due to strengthening environmental regulations on internal combustion engine commercial vehicles, especially in Europe and⁢ North‌ America. According to market research firm SNE Research, the electric commercial vehicle⁤ market, including electric trucks and electric buses, is expected to grow ‌from approximately 47 GWh this year to‌ 177 GWh by 2030, growing at an average annual rate ⁢of 25%.

All-Solid-State ​Batteries and 46-Pie Cylindrical Batteries

Samsung SDI also unveiled its next-generation batteries, the ⁢all-solid-state battery and the 46-pie battery, at this exhibition. Samsung SDI’s⁣ all-solid-state battery can achieve the industry’s highest energy ‍density with its own non-cathode technology. Samsung SDI has been supplying⁤ samples to customers since the end of last year and​ is proceeding as planned with​ commercialization in 2027. The 46-pie cylindrical battery is ⁢scheduled for mass production​ in early 2025, about⁣ a year earlier than planned, due to securing⁤ new customers for M-Mobility (micro-mobility).

Sustainable⁤ Future Zone

At the ‘Sustainable Future Zone’ in Samsung⁣ SDI’s exhibition booth, ‌visitors‌ can see Samsung‌ SDI’s resource circulation system ⁣from battery production to disposal, as well as its environmental,⁢ social, and governance (ESG) ‍management performance and ⁢strategies that are being expanded to its partners and supply chain.

CEO Choi Yoon-ho’s Statement

Samsung SDI CEO Choi Yoon-ho said, “We have continuously strived to lead‍ the electric vehicle⁤ market based on differentiated technologies,” and “We will work closely with major global customers to supply batteries with the‍ best ‍quality‍ and safety.”