Chungnam Province and Yeonghwa Tech Collaborate on Electric Vehicle Used Battery Reuse 'Demonstration and Commercialization'

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province, together with automotive parts manufacturer Younghwa Tech, has entered the demonstration and commercialization phase of a technology for reusing electric vehicle (EV) waste batteries.

On the 23rd, the province announced that it has developed the country's first technology for manufacturing solar power generation energy storage systems (ESS) using reused EV waste batteries and will begin performance verification.

The ESS manufacturing technology is the result of a three-year in-house research and development (R&D) project initiated in 2018. The province recently completed preparations for performance verification and has entered the demonstration phase.

The R&D project was promoted by the Chungnam Center for Creative Economy and Innovation, the dedicated institution, which selected Younghwa Tech as the lead organization through a designated public contest in 2018, with NS Shinsung and Soongsil University participating as partners.

In particular, on this day, Chungnam received recognition for the ESS technology as a demonstration exception from the Ministry of Trade, Industry and Energy’s ‘5th Regulatory Sandbox Committee,’ which is expected to accelerate the demonstration process.

The province’s strategy is to commercialize the waste battery reuse technology to establish a resource circulation structure and to secure a leading position in the newly emerging waste battery reuse market.

A provincial official stated, “As the distribution of electric vehicles expands, the discharge of waste batteries is expected to increase exponentially. The province will strive to foster the battery reuse industry to secure a leading position in future new industrial sectors.”

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