Samsung SDI and Jaguar Land Rover signed a battery contract to provide 21700 cylindrical batteries

According to foreign media reports, on September 5, local time, some industry figures said that Samsung SDI, an electronics subsidiary of Samsung Group, will provide cylindrical batteries to Jaguar Land Rover's electric vehicles (EV).

South Korean battery maker Samsung will set up a production line to produce "21700" cylindrical batteries at a battery plant in Hungary, according to industry sources that will supply the British carmaker.

Since last year, Samsung SDI has been in fierce competition with other battery makers such as LG Chem and Panasonic in Japan to get Jaguar Land Rover's battery contract. However, the company refused to confirm the authenticity of the news, saying that "we can not provide information related to the customer company. "

Jaguar Land Rover plans to install 21700 batteries on the next generation of electric vehicles and put them on the market by 2020. The 21700 battery is the next-generation battery technology with a diameter of 21 mm and a height of 70 mm. The battery capacity is 50 inches higher than the 18650 battery. It is expected that in the early stages, Samsung SDI will provide an electric vehicle battery with energy of 5,000-megawatt hours (GWh) per year, that is, about 300 million cylindrical cores. As we all know, the battery capacity of Samsung SDI can produce about 80 million cores per month. Compared with soft pack batteries and square batteries, cylindrical batteries have obvious advantages in power efficiency.

Since Tesla began to use 21700 cylindrical batteries on electric vehicles, the battery has become more and more popular. In addition, the cost of the cylindrical battery is lower, so the demand for it is also growing.

According to market research firm B3, the demand for cylindrical batteries last year was 3.74 billion, accounting for 55% of the entire small battery market. This year, the demand is expected to exceed 4.6 billion. According to reports from Samsung Securities and Mirae Asset Dalewoo, Samsung SDI is a leader in the small battery market, and its small battery business is expected to exceed 400 billion won (about 356 million US dollars).

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