Samsung SDI is showcasing its latest battery innovations for electric commercial vehicles at IAA Transportation 2024 in Hanover, Germany. The company’s exhibit, which runs from September 17-22, features a range of next-generation battery solutions designed to meet the evolving needs of the electric commercial vehicle market.
At the forefront of Samsung SDI’s display is its new LFP+ (lithium iron phosphate) battery. This advanced technology boasts a 10% higher energy density compared to previous LFP batteries, achieved through novel electrode technology. The LFP+ battery offers extended range, enabling more than 1,400 round trips between Hannover and Frankfurt on a single charge. In addition, it has rapid charging capabilities, reaching 80% capacity in just 20 minutes.
Safety remains a top priority, with Samsung SDI implementing its proprietary No Thermal Propagation technology in the LFP+ batteries. The company has completed development of the LFP+ and is currently in discussions with several customers regarding mass production plans.
Alongside the LFP+ battery, Samsung SDI is presenting its All-Solid-State-Battery (ASSB) and 46-phi cylindrical batteries. The ASB, featuring proprietary anode-less technology, is slated for mass production in 2027 and aims to provide industry-leading energy density. Samples have already been sent to potential customers for testing. The 46-phi cylindrical batteries, targeted for micro-mobility applications, are now scheduled for release in early 2025, a year ahead of the initial timeline.
The global market for electric commercial vehicles is expected to grow significantly, driven by tightening environmental regulations in Europe and North America. Market research firm SNE Research projects the market to expand from 47 GWh in 2024 to 177 GWh in 2030, representing an annual growth rate of 25%.
Samsung SDI’s presence at IAA 2024 also highlights the company’s commitment to environmental, social, and governance (ESG) principles. Their exhibit showcases efforts in developing a closed-loop ecosystem for partners and suppliers, emphasizing sustainable practices in battery production and lifecycle management.
Source: Business Korea
