In the realm of lithium-ion battery production, a fierce competition is unfolding as companies race to adopt innovative manufacturing methods. LG Energy Solution has emerged as a frontrunner in the utilization of dry coating technology, setting the stage for a new era of efficiency and cost reduction in the industry.
Volkswagen’s subsidiary, PowerCo, is actively exploring the benefits of dry coating technology to streamline operations and drive down production costs. Meanwhile, Chinese battery giants such as CATL and BYD are making significant investments in this cutting-edge technology, propelling them to the forefront of the market.
LG Energy Solution’s strategic focus on dry coating technology positions the company for success. With a decade-long commitment to research and development in this area, LG has gained a substantial competitive advantage. The company’s dry electrode manufacturing process is versatile, catering to cathodes and anodes of all particle sizes, including those with smaller particles that pose unique challenges.
Key to LG’s dominance in this space are the core patents it has secured related to the dry coating process, deemed indispensable for the future growth of the electric vehicle market. LG’s estimates suggest that the adoption of the dry method could result in a notable reduction of battery manufacturing costs, ranging from 17% to 30%.
Looking ahead, LG Energy Solution is on track to establish a pilot production line for its dry-coating process by the end of 2024, with plans for full-scale production to commence in 2028. By providing a clear timeline for commercialization, LG is positioning itself as a pioneer in the implementation of dry coating technology.
As LG Energy Solution advances in dry coating technology, the company is poised to enhance its competitiveness against Chinese rivals and other major players in the battery industry, signaling a significant step forward in the evolution of lithium-ion battery production.