LG Energy Solution and Samsung SDI reportedly shared a timeline for the next-generation batteries – all-solid-state. According to the information, LG Energy Solution stated that it was difficult to commercialize all-solid-state batteries even by 2030, Samsung SDI made it clear that it would mass-produce them starting from 2027.
“All-solid-state batteries can hardly have price competitiveness compared to lithium-ion batteries,” said Jang Hak-jin, head of LG Energy Solution’s Technology Intelligence (TI) Strategy Team at the Next Generation Battery Seminar (NGBS 2023) held at the Korea Science & Technology Center in Seoul on April 12. “Japanese companies have been the most active in developing all-solid-state batteries but have delayed their mass production. Next-generation batteries, such as all-solid-state batteries, will be difficult to commercialize even in 2030. I think that lithium-ion batteries will lead the formation of the battery market by 2030.”
“All-solid-state batteries are safe and light enough to reduce compact electric car weight by nine percent compared to those powered by high-nickel batteries,” said Ahn Ji-woo, head of Samsung SDI’s Next Generation Product Planning Group for medium and large-sized batteries. “We at Samsung SDI will complete the development of medium and large-sized all-solid-state battery technology in 2025 and have a mass production system for all-solid-state batteries in 2027.”
Global Electric Vehicle 2035 Sale Prediction
Apart from the above information, it was also predicted that the global electric vehicle sales in 2035 will be about 80 million, and demand for electric vehicle batteries will also grow from 687 GWh in 2023 to 5.3 TWh in 2035. The statement was officially confirmed by Oh Ik-hwan, vice president of SNE Research. “The electric vehicle battery market is expected to grow to US$616 billion by 2035 which will be five times higher than a forecast of US$121 billion for 2023.”
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