KC for Electronic Products

We support world leading manufacturers in the rapid certification of electronic products for the Korean market.

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KC-EMC Certification

We clarify the requirements for your product and ensure that your product is certified quickly and reliably.

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KCs - Korea Certification Mark for machines

Korea Certification is an excellent partner for KCs certification for machines. We ensure that you get your product approved quickly and reliably.

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KEMCO Certification

Korea Certification ist der ideale, strategische Partner für die KEMCO Zertifizierung. Wir unterstützen Sie bei allen Schritten zum koreanischen Energieeffizienz-Label.

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Training

Korea Certification offers customized certification training to fit your company needs. Our trainer will come to your location and provide the training, up to date information and pass on valuable tips from our many years of experience. Call us today to learn more!

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MPR International

Since 2005, MPR International GmbH has been supporting companies around the world in obtaining the required product certifications for the Asian markets. With a strong team located worldwide, we can offer you the best solution for your enquiries.

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LG Chem produces new type of battery for Tesla’s electric cars

The share price of South Korea’s LG Chem rose 3.57 percent on Oct. 22, 2020, the day Tesla announced higher profits than the market expected. Industry experts suspect a high impact of the Tesla announcement on LG Chem’s share price. Industry insiders citing the reason as LG Chem’s development of a new battery for electric vehicles, which Tesla unveiled at the so-called “Battery Day” in September 2020 without mentioning the name of the manufacturer or supplier. Meanwhile, LG Chem is preparing for a surge in Tesla’s orders, tripling its cylindrical battery cell production capacity from the current 20 GWh to 60 GWh by 2023.

 

 

The speculation that LG Chem will develop a new battery type and become one of Tesla’s main suppliers is based on two reports. On October 21, 2020, Jang Seung-se, vice chairman of LG Chem, reported that his company is working on the development of cylindrical battery cells, which have a fivefold higher energy density and six times more capacity. These specifications exactly match Tesla’s Type 4680 battery, which Tesla CEO Elon Musk unveiled in September. Initially, Tesla wanted to produce the new Type 4680 battery cells itself. Afterwards, however, it turned out that this would exceed Tesla’s current production capacities and that it would also not be possible to build a new production facility within a year.

Tesla estimates that the required quantity of Type 4680 batteries in 2020 will have a capacity of 100 GWh. These could then be installed in around 1.3 million electric cars annually. LG Chem, the world’s largest battery manufacturer, currently has a total annual production capacity of 100 GWh but was able to increase this to 120 GWh by the end of 2020, according to the company. Nearly all of the cylindrical battery cells for electric vehicles that LG Chem produces are installed in Tesla models. In order to supply other manufacturers besides Tesla or to avoid shortages, LG Chem plans to expand its total annual production capacity to 260 GWh by 2023. Electric car components, which include batteries, must undergo certification for the KC mark or KC certificate in Korea. Our experts are always available to answer any questions without obligation.

If you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs or KCs for explosion safety products, feel free to contact us any time.

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Email: info@korea-certification.com

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Julian Busch

About the author: Julian Busch is the founder and managing director of MPR International GmbH

Publisher: MPR International GmbH

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E-Mail: info@korea-certification.com
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