Solid Power licenses cell designs and production processes to SK On Solid Power to install pilot cell production line for SK On at Korea facilitySolid.
SK On LFP Battery Production: The company is in talks with some major traditional automakers, or original equipment manufacturers (OEMs), that are looking to line up LFP battery supply deals, SK On s Chief Administrative Officer Choi Young-chan said.
Auto Battery Firm: But LG Energy Solution (LGES), SK On and Samsung SDI say it will be hard to go full steam ahead with lithium iron phosphate (LFP) batteries as they can t yet compete on price, executives and company officials familiar with their business strategies said. Feeding their worries is slowing growth in electric vehicle sales and the potential for changes in U.S. subsidies should President Joe Biden lose the 2024 election.