Hyperdrive
LG Sees Battery Breakthrough By 2028 That Has Eluded Tesla
- Aims to commercialize dry-coating technology within four years
- Process could cut production costs by as much as 30%
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LG Energy Solution Ltd. is aiming to commercialize what’s been described as a game changing battery-making technology by 2028, opening a path for the Korean cell manufacturer to become more competitive with Chinese rivals.
Companies from Tesla Inc. to Samsung SDI Co. are working on dry-coating technology, a process that aims to replace the energy-intensive wet process for making cathode and anode electrodes — a key component of electric car batteries. The search for cheaper and more environmentally friendly ways to produce batteries is becoming increasingly urgent as electric vehicle demand cools.