LG Sees Battery Breakthrough by 2028 That Has Eluded Tesla

July 3, 2024, 8:00 PM UTC

LG Energy Solution Ltd. is aiming to commercialize what’s been described as a game changing battery-making technology by 2028, opening a path for the Korean cell manufacturer to become more competitive with Chinese rivals.

Companies from Tesla Inc. to Samsung SDI Co. are working on dry-coating technology, a process that aims to replace the energy-intensive wet process for making cathode and anode electrodes — a key component of electric car batteries. The search for cheaper and more environmentally friendly ways to produce batteries is becoming increasingly urgent as electric vehicle demand cools.

Kim Je-Young
Source: LG Energy Solution

“Among battery competitors, LG is ...

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