E&Plus to Start Full-Scale Production of Prismatic Batteries for Electric Vehicles Next Month... "Extending Driving Range with Long-Type"

[Asia Economy Reporter Hyungsoo Park] Recently, E&Plus, which completed the construction of a secondary battery core material factory and equipment installation for the development and mass production of next-generation battery materials, has succeeded in developing its own 'prismatic battery.' E&Plus is poised to become a comprehensive secondary battery specialized company capable of producing everything from key materials such as conductive agents and electrodes to finished battery products.

On the 20th, E&Plus announced that it has completed the development of a 100Ah (ampere-hour) capacity prismatic lithium-ion battery for electric vehicles (EV) and energy storage systems (ESS). The prismatic battery developed by E&Plus is the second domestically developed battery applying self-developed electrodes and conductive agents.

Following last year’s declaration by Volkswagen Group, the world's second-largest electric vehicle market share company, to adopt prismatic batteries, the prismatic battery market has shown significant growth. E&Plus plans to quickly enter the finished battery product market focusing on prismatic batteries.

Prismatic batteries are characterized by excellent safety and, with the recent emergence of new technologies such as ‘CTP (Cell to Pack)’ and ‘CTC (Cell to Chassis),’ they have achieved energy density competitiveness comparable to pouch-type batteries. Prismatic batteries are advantageous for reuse compared to other form factors in the ‘Second life battery’ market, and since they have shown high adoption rates in the ESS sector, they are considered to have greater market potential.

This month, E&Plus will closely cooperate with a domestic mid-sized company to establish additional production facilities for battery assembly and formation processes, and plans to start full-scale production from the end of next month.

E&Plus has completed the development of conductive agents and electrodes for ‘Long Type’ prismatic batteries, which are 2 to 4 times longer than existing prismatic batteries. The company plans to complete the finished product development soon. This product features higher energy density and reduced pack weight compared to existing products, which can increase driving range.

An E&Plus official said, "E&Plus’s prismatic battery was developed with the most widely used 100Ah capacity, and we are discussing business with various domestic and international customers," adding, "We plan to start full-scale production as early as the end of next month."

He continued, "Since the next-generation all-solid-state battery currently under development requires a considerable amount of time until commercialization, we will quickly enter the finished product market focusing on the prismatic battery developed this time, and through this, we will build a sales network and accumulate business know-how in various fields."

According to global market research firm SNE Research, the global market share of prismatic batteries was 53.1% among all form factors in the first quarter of last year, but increased to 63.6% in the first quarter of this year. During the same period, the market share of pouch-type batteries fell from 25.7% to 20.8%, attributed to the expanding influence of prismatic batteries in China and Europe.

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