High-performance 4680 battery war is on; LG Energy takes lead over rivals

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High-performance 4680 battery war is on; LG Energy takes lead over rivals - Korea Economic Daily

Quick Summary:

China’s CATL, known for low-cost LPF batteries, is also working on the 4680 type but it may take longer years than its competitors to develop one due to technological challenges, industry officials said.“If a Korean battery maker succeeds in developing the next-generation battery first, the company will have a great advantage in attracting automakers such as BMW and Mercedes-Benz, which largely use Chinese prismatic batteries,” said an industry executive.

The 4680 battery type weighs only 70-80% of comparable pouch or prismatic batteries while maintaining the same energy density, meaning a longer driving range.

While pouch and prismatic form factors are the most common battery types for many EV makers, some automakers, including BMW, GM and Stellantis, are gradually adopting the 4680 cylindrical type given its strengths.