Second, the technology route

The current market mature technology is ternary batteries and lithium iron phosphate batteries, who can revolutionize the battery technology , a better solution to the problem of range and safety, not only will be a rapid and great increase in the market share, and even a devastating blow to competing manufacturers. For those who only want to expand production without paying attention to R&D, the larger the scale, the more miserable the death.

Since the spin-off of LG Chem, LG's new energy business has been on a fast train, and in June it started the listing process, and is expected to be listed in South Korea in the third quarter. After the listing of the company's valuation is expected to reach 100 trillion won (about RMB nearly 600 billion), which will become the largest IPO ever in South Korea.

LG opened up a new blue ocean, and pushed the "quadruple battery" technology

LG Battery Business Unit has always been LG Battery Division has been leading the development of global power battery technology. From the mass production of NCM523 batteries in 2007, to the NCM811 afterwards, to the first batch of mass production of NCMA quaternary batteries this year. When the domestic spend huge sums of money in the ternary battery to kill a sea of red, LG new energy once again launched a technological revolution.

Lithium iron phosphate and ternary manufacturers have always despised each other's existence, as long as the other side of the slightest negative news, will bite each other a mouthful of hair. The birth of the quaternary battery not only increases the range, the advantages of fast charging, but also solves the cost of high nickel ternary and the lack of security.

LG new energy research and development of four yuan battery, the positive pole material for nickel cobalt manganese aluminum. The proportion of nickel exceeds 90%, of which the proportion of cobalt, which is the highest cost, is controlled within 5%, and the addition of AL suppresses the instability of low cobalt. The negative electrode is still graphite, with the addition of a silicon carbon layer (SiOx), which improves charging efficiency and cycle life. In terms of safety technology, it has mastered the core key material technology such as high safety diaphragm, and developed intelligent BMS, which realizes the transmission of big data and safety diagnostic algorithm results through OTA, real-time monitoring and early warning, and is highly integrated with CTP to realize non-fire and self-extinguishing, which significantly improves the safety and reliability of high energy density power battery.

Quaternary battery mass production has undoubtedly seized the opportunity of the high-end battery market, although the production of quaternary batteries is not enough to cover the rapid growth of the global power battery market in the short term. But the capital's sense of smell is sensitive and cruel. If the market proves that the four yuan battery in terms of safety, range, fast charging, cost and other aspects of doing well enough, the capital voted with their feet to LG, other technology into the cold when, this is the most terrible start.

What are the opportunities at home?