Skip to main content

SK Innovation launches NCM 811 battery

SK Innovation has launched the advanced battery of NCM 811. Technology giant headquartered in Seoul, SK Group, said it has produced the world's first commercial medium-sized and large-sized NCM 811 battery to supply energy storage systems to install in electric vehicles with a range of up to 700 kilometers in December this year.

Tinuku SK Innovation launches NCM 811 battery

SK Innovation is the first in the world to succeed in the commercial production of advanced NCM 622 batteries and in May they announced to focus on developing more sophisticated NCM 811 batteries to meet growing demand in longer-haul and cheaper electric car industries.

The company raised the proportion of lithium-ion nickel for the NCM 811 to extend the range of electric vehicles over 100 kilometers compared to current batteries. In addition, higher use of nickel will help reduce costs where prices for other cathode materials such as cobalt are increasing,

Technology uses ceramic tiles to improve better stability where the main problem of lithium-ion batteries that have higher nickel proportions is overheating. However, SK Innovation's cutting-edge technology provides a solution to this problem.

"SK Innovation proves a top-class excellence in battery manufacturing, successfully producing and commercializing NCM 622 and NCM 811 batteries for the first time in the world," said Lee Jon-ha of SK battery research center.

"The NCC 811 battery will help expand the reach of electric cars by up to 500 kilometers and we will also develop new batteries for coverage of more than 700 kilometers by 2020," the company said.

The company, founded in 1953, pledged to invest more in the battery business as a company strategy in the electric car market that accounts for about 40 percent of the cost of producing environmentally friendly cars. The global battery market share is projected to grow more than 10-fold in the coming decade.

Comments

Popular posts

China's new energy vehicle market continues strong

Tinuku - China's new energy vehicle (NEV) sector continues to experience a major expansion in sales and production in the first half of 2018. The China Association of Automobile Manufacturers (CAAM) showed Wednesday that NEV sales increased 111.5 percent year-on-year to 412,000 units in the first six months and production rose 94.9 percent to 413,000 units.

China became the largest NEV market in the world for three consecutive years as it intensified efforts to encourage the use of NEVs to reduce environmental stress by offering tax exemptions and discounts on car purchases.


The government expects annual NEV output to reach 2 million by 2020 and NEV sales to make up 20 percent of the overall car market by 2025. CAAM reported at least 14.07 million vehicles sold in China in H1 or up 5.57 percent year on year.

The report also showed about 14.06 million vehicles were produced or up 4.15 percent and passenger car sales reached 11.78 million units with commercial vehicles of 2.29 milli…

European Union and ASEAN to restart Free Trade Agreement

Tinuku - European Union (EU) and ASEAN have agreed to restart the process of forming Free Trade Agreement (FTA). Singapore Prime Minister Lee Hsien Loong as ASEAN coordinator for EU-ASEAN relations said on Saturday to build a framework to identify potential sectors to finalize the deal.

Lee also said the EU and ASEAN had agreed to restart the process of establishing a free trade agreement between the two blocs. The EU and ASEAN launched talks towards a pact in 2007 but ignored the process two years later as the EU voted to negotiate bilaterally with each country.


"As coordinators, we look forward to forming a framework to identify where areas where we have the potential to make a deal," Lee said.

"Working on a deal may take longer than the end of the year. But if we can identify where the big opportunities are, our trade-offs, then I hope we will have better success," Lee said.

"One of the things we expect is that European nations are able to manage their soci…

Malaysia reviews potential of monopoly by Grab and Uber mergers

Tinuku - Malaysia's transport ministry said Wednesday it is studying the potential of monopoly in the ride-hailing market triggered by Grab and Uber mergers under several existing regulations. Uber Technologies Inc. sold their business in Southeast Asia to Grab in March in exchange for shares in a Singapore-based company.

The ministry said the land transport agency received many complaints about Grab raising tariffs since the merger. Grab has become the dominant player in the region. Last week, Singapore's anti-trust agency proposed a fine on Grab and Uber where mergers have reduced competition and suggested improvements such as the sale of a car rental business.


"What's imposed on taxi drivers will also be imposed on e-hailing drivers to get the driver's card. We know this is not a move that will please all parties, but we take a more balanced approach and create competition," said Transport Minister Anthony Loke

The monopoly review will be conducted by Mala…

Xiaomi makes boost in Indonesia to dominate Southeast Asian

Tinuku - Xiaomi Corporation plans to make a boost in the Southeast Asian market by opening 40 official outlets in Indonesia until the end of 2018 as the most important country in the region after being officially listed on the Hong Kong stock exchange. Manager of Xiaomi Indonesia, Steven Shi, said on Thursday the company will continue to record the company's glorious record.

The new giant smartphone maker based in Beijing is planning to open 40 official stores called Mi Store and maximize 50 service centers spread across Indonesia until the end of 2018 as a key country to continue to dominate the mobile phone market in Southeast Asia.


Xiaomi will also optimize Mi Credit and Mi Roaming recently launched. The company will do more activities aimed at strengthening relationships with Xiaomi users called Mi Fans including Mi Pop titles that have taken place in several cities in Indonesia.

Xiaomi is one of the fastest technology companies that earned a profit of CN¥100 billion in the fi…