Samsung SDI Targets European Commercial Vehicle Market... Showcases Innovative Technologies Including SCN at Hannover Fair, Germany

Participating as the Only Domestic Battery Company... Strengthening Cooperation with Commercial Vehicle Clients

Ahead of the opening of the '2022 Hannover Commercial Vehicles Show' on the 19th, models are showcasing Samsung SDI's battery products. Photo by Samsung SDI

[Asia Economy Reporter Jeong Dong-hoon] Samsung SDI participated in the '2022 Hannover Commercial Vehicle Show (IAA 2022)' held in Hannover, Germany, showcasing Samsung SDI's battery technologies specialized for commercial vehicles.

Samsung SDI announced on the 20th that it participated in the Hannover Fair held at Messe Hannover, Germany, for six days from the 20th to the 25th, setting up a private booth for commercial vehicle clients and exhibiting next-generation battery technologies and products.

The German IAA alternates between Munich and Hannover, hosting passenger car and commercial vehicle exhibitions respectively. Samsung SDI has participated in IAA since 2013 and was the only domestic battery company to participate this year.

At this exhibition, Samsung SDI emphasized its core competencies such as battery material technology, quality control, and mass production capabilities under the theme "Heading Towards a New Horizon." It also introduced technologies and products specialized for commercial vehicles with Samsung SDI's unique technological expertise to commercial vehicle customers.

Samsung SDI introduced the P6 (6th generation prismatic battery) that enhances high energy density, fast charging, and long-life performance through high-nickel NCA (Nickel-Cobalt-Aluminum) and proprietary patented 'SCN (Silicone Carbon Nanocomposite)' material technology. Additionally, it showcased a prismatic and cylindrical battery roadmap including 'Co-Free' (Cobalt-Free) and all-solid-state batteries, attracting customer attention.

In particular, Samsung SDI's scalable module and pack innovation technology specialized for commercial vehicles received great responses from customers. This is because it optimizes battery energy, charging time, and lifespan for each commercial vehicle model according to customer requirements, providing differentiated performance.

The commercial vehicle sector is an attractive market in terms of growth potential for battery companies. Depending on the load capacity, electric commercial vehicles (600~1000 kWh) are equipped with 8 to 13 times more battery capacity than passenger cars (75~80 kWh). According to market research firm MarketsandMarkets, the global electric commercial vehicle market is expected to grow about ninefold (CAGR 31.4%) from 353,000 units this year to 3.14 million units by 2030.

Michael Sohn, Vice President and Head of Strategic Marketing Team at Samsung SDI's Medium & Large Battery Business Division, said, "We have strived to provide Samsung SDI's specialized battery solutions for commercial vehicles based on differentiated technology and top-quality standards." He added, "This exhibition will be an opportunity to showcase Samsung SDI's technological competitiveness, quality, and vision to lead the new era of electric vehicles."

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