NewEnergyNews: EAST ASIA BRINGS THE EV BATTERY POWER

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    Friday, August 21, 2015

    EAST ASIA BRINGS THE EV BATTERY POWER

    Auto Industry’s Ranks of Electric-Car Battery Suppliers Narrow; Three big Asian makers emerge as favorite suppliers amid turn from in-house and startups

    Mike Ramsey, August 20, 2015 (Wall Street Journal)

    “Luxury car maker Audi AG on Wednesday revealed its first all-electric car would go 310 miles on a charge using an advanced battery developed by South Korea’s LG Chem Ltd.and Samsung SDI Co., two of three Asian suppliers increasingly favored by car makers…Failed technology gambles and a half-decade of jockeying among suppliers have top auto makers increasingly choosing LG, Samsung SDI and Panasonic Corp. The three are emerging as the early winners amid a shift by car companies away from in-house efforts, traditional battery makers and startup ventures…Their quick rise as key suppliers to European, Asian and U.S. car makers is remarkable for an industry that typically insists on reducing risks by building key components such as engines in-house—or using lots of suppliers for less-critical parts…[but] few companies so far have shown they can meet the challenge of building advanced batteries with the quality, weight and cost expectations that auto makers demand. And the technology is moving so fast that few auto makers have tried to master the exotic chemistry required…” click here for more

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