Technology license agreement signed; SK On to install all-solid-state battery pilot line at Battery Research Institute in Daejeon Synergy expected to speed up development, boost technologies for commercialization
SK On, a leading global electric vehicle
battery manufacturer, will strengthen its partnership with Solid Power, a
U.S.-based leading developer of solid-state battery technology, to
accelerate the development of all-solid-state batteries (ASSBs).
SK On announced today it signed a research
and development technology license agreement with Solid Power on the sidelines
of CES 2024, the world’s
largest technology showcase that ended last week. Under the agreement, SK On will have the right to use
Solid Power’s
technologies on ASSB cell design and pilot production processes for research
and development purposes. Solid Power will help the South Korean battery maker
accelerate the development of ASSBs boasting safety and high performance. The
Colorado-based company will also supply sulfide-solid electrolyte to SK
On. With the latest collaboration, SK On will
move forward to establish an ASSB pilot line at its Battery Research Institute
in Daejeon, Korea, by 2025. A pilot line refers to a production line to test
and validate new products or technologies before mass production. SK On Chief Commercial Officer Sung Min-suk
and Solid Power Chief Executive Officer John Van Scoter were among the
attendees at the signing ceremony that took place at Las Vegas Convention
Center in Las Vegas, Nevada, on Jan. 10. SK On aims to develop ASSBs boasting
upgraded cycle life and energy density by combining its cell design and
production know-how and technologies with that of Solid Power’s in sulfide-based electrolytes and
cell solutions. Following their successful collaboration, the two companies
also plan to continue cooperation in commercializing ASSBs. In 2021, SK On agreed to invest
US$30 million in Solid Power and jointly develop next-generation ASSBs. Since
then, the two companies have been discussing detailed cooperation plans. ASSB battery refers to a battery that
solely uses solid electrolytes instead of liquid or gel-based electrolytes.
Using solid electrolytes can reduce the risk of fire. As ASSB also decreases
the weight and volume of batteries, it can go beyond current capacity limits of
lithium-ion batteries. Established in 2011, Solid Power is
recognized as a company developing industry-leading technologies in
sulfide-based ASSBs. Particularly, the company is known for its specialty in
large capacity cell technologies and solid electrolyte production processes. SK On has been reinforcing its
collaborations with partners to develop technologies for ASSBs in addition to
its own R&D programs.
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