Billionendeal: Hyundai is looking for battery suppliers for Ioniq 7

Billionendeal: Hyundai is looking for battery suppliers for Ioniq 7-looking

For the first days of the new year 2021, a showdown is expected on the South Korean market for electric car batteries, as the automaker Hyundai wants to select a new battery supplier for the new electric car Ioniq 7, which on the new E-Auto platform E-GMP (Electric Global Modular Platform). The winner is according to media reports with Hyundai sign a contract worth estimated at 9.2 billion US dollars, which corresponds to about 7.5 billion euros.

Favorites are the three largest South Korean manufacturers LG Energy Solution, SK Innovation and Samsung SDI. Also some Chinese battery manufacturers such as Catl and AESC should participate in the tender. The Ioniq 7, a large, for 2024 scheduled SUV, is already the third electric car of the Hyundai Motor Company based on E-GMP. Industry experts assume that competition between the five companies will be more intense than in the past. SK Innovation (for the Ioniq 5, a Crossover for 2021) and LG Energy Solution (for the Sports Limousine Ioniq 6, which should debut 2022) have already secured two attractive delivery agreements. Samsung SDI is very active in the current bidding procedure to win for itself the supply of the Ioniq 7.

The three South Korean companies should try to win Hyundai with their batteries with increased nickel content. According to reports, SK Innovation participates with its NCM9½½-Batteries (90 percent nickel, 5 percent cobalt, 5 percent manganese) at the tendering procedure. For the IoniQ 5 SK supplies NCM811 batteries (80 percent nickel, 10 percent cobalt, 10 percent manganese).

According to reports, LG Energy Solution participates with its NCMA batteries (nickel, cobalt, manganese, aluminum) with 90 percent nickel content at the tender. In his NCMA battery, LG increased the nickel content to 90 percent and lowered the cobalt content to less than 5 percent. The competitive advantage of this battery on the fact that it does not require much cobalt and used aluminum, which is much cheaper than cobalt and thus cheaper than other batteries that need more cobalt.

Samsung SDI participate with its NCA batteries (nickel, cobalt, aluminum) with the highest nickel content of the three companies on the tender, it continues to say. Although the exact nickel content is unknown, but insiders assume that the batteries have a nickel content of 91 percent. While Samsung’s NCA batteries are currently used primarily for IT devices, the company would now like to provide them as they have proven their reliability in the smaller of electric cars.

It is considered likely that the two Chinese manufacturers Catl and AESC participate in the tendering procedure with NCM811 batteries. These are cheaper than the products of the three South Korean companies. Nevertheless, it is likely that Hyundai work together with one of the three South Korean manufacturers and set to more expensive batteries, as the Ioniq 7 is to become the flagship of the IoniQ series.

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1 thought on “Billionendeal: Hyundai is looking for battery suppliers for Ioniq 7”

  1. In his NCMA battery, LG increased the nickel content to 90 percent and lowered the cobalt content to less than 5 percent. The competitive advantage of this battery on the fact that it does not require much cobalt and used aluminum, which is much cheaper than cobalt and thus cheaper than other batteries that need more cobalt.

    The right material selection makes the batteries cheaper, this point is likely to become more and more important in the future when it comes to making the E-cars cheaper than burners and thus to initiate the final end of the burner in road traffic.

    Of course, there is also the stationary battery storage, so that in the future, the batteries in the house will grow bigger and at some point the house only relates its electricity from the PV system and for the light strength time in the buffer battery with CA. 1.000 kWh cached.

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