[Click eStock] "Electric Pickup Truck Market Positive for Secondary Battery Demand... Samsung SDI and LG Chem Expected"

[Asia Economy Reporter Oh Ju-yeon] There is a forecast that the numerous 'electric pickup trucks' scheduled after 2021 will benefit the secondary battery industry.

According to NH Investment & Securities on the 10th, Tesla plans to produce the Cybertruck, Rivian the R1T, and GM the Hummer. Additionally, emerging electric vehicle companies such as Atlas and Bollinger have also shared production plans after 2021.

Researcher Ko Jung-woo stated, "Many electric pickup trucks are awaiting release," and evaluated, "The secondary battery capacity of electric pickup trucks is at least 100kWh, making them an attractive demand source for the secondary battery market." He predicted that as the dynamism of the electric vehicle market increases with the growth of the electric pickup truck market, leading secondary battery companies Samsung SDI and LG Chem will benefit.

Researcher Ko said, "It is difficult to estimate the market size of electric pickup trucks at this point, but considering the number of pre-orders disclosed by some companies, the fundamental demand for pickup trucks is presumed to be large."

As evidence, he referred to a market research firm's announcement that the electric truck (including pickup trucks) market size will expand from 307,000 units in 2021 to 1,738,000 units in 2025. He also added that Tesla shared the Cybertruck pre-order numbers as 146,000 units on November 24 and 250,000 units on November 27 last year after the vehicle's unveiling, and recently some perspectives have suggested the pre-order number reached about 535,000 units as of February 19 this year.

He continued, "Considering the secondary battery capacity of electric pickup trucks, the average capacity is estimated to be 145kWh, which exceeds the average capacity of 50kWh for passenger electric vehicles."

Researcher Ko emphasized, "From the perspective of secondary battery companies, this can be seen as an attractive demand source, so the growth of electric pickup trucks will have a positive impact on the secondary battery industry." Taking into account the market research firm's forecast of the electric truck market expansion and the trend of increasing secondary battery capacity, the secondary battery market for electric trucks is expected to expand from 45GWh in 2021 to 309GWh in 2025.

Researcher Ko said, "There have been media reports about Samsung SDI's plan to supply secondary batteries for Rivian R1T, and LG Chem plans to supply secondary batteries for GM Hummer at the LG-GM joint venture factory," adding, "These companies are expected to benefit."

This content was produced with the assistance of AI translation services.