SK On starts certified pricing service for used electric vehicle batteries with K Car

Battery Status Analysis Service for Lifespan and Residual Value Evaluation

SK Seorin Building. (Photo by SK)

[Asia Economy Reporter Moon Chaeseok] SK On announced on the 24th that it will collaborate with K Car, a direct-operated used car platform company, to evaluate and certify the lifespan and residual value of used electric vehicle batteries.

Since the battery accounts for about half of the price of an electric vehicle, the battery's lifespan greatly affects the vehicle's value. Previously, there was no objective standard to measure battery life, making price estimation difficult. SK On explained that by providing a clear standard for battery value, consumers will now be able to purchase used electric vehicles from K Car with a reliable benchmark.

At the beginning of last year, SK On independently developed 'BaaS AI,' which analyzes battery condition and detects lifespan, residual value, and abnormalities in advance. Based on BaaS AI, since April last year, SK Rent-a-Car has been providing battery condition analysis services for electric vehicles it operates, and in November of the same year, battery diagnostic services were launched for customers using electric vehicle charging applications.

An SK On official stated, "Battery diagnostic technology is the starting point and core of the BaaS industry, which refers to various services utilizing batteries. In particular, evaluating the residual value of batteries is essential, and we will contribute to the BaaS ecosystem by leveraging our industry-leading battery diagnostic technology."

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