Cui Chengyu, Senior Vice President of LG New Energy and Dean of Automotive Battery Research Institute, attended the main forum unit of this conference. As a representative of world-class battery enterprises and leading enterprises in the field of new energy vehicles, he discussed the actions and paths of the integration of green energy and new energy vehicles and shared the achievements of LG New Energy in the direction of green energy and sustainable development. With the rapid development of new energy automobile industry, the power battery industry, as an important part in the development process, has played a vital role. LG New Energy has been strengthening its value competitiveness with innovative technology, global layout and diversified product portfolio to meet the demand of new energy vehicles for power batteries.
LG New Energy has a strong global business network, and has established joint ventures with global mainstream automobile brands such as General Motors, Stellantis N.V, Hyundai Motor Group and Honda Motor to build production bases covering the core areas of North America, Europe and Asia. Relying on the production bases distributed all over the world, we can meet customers' demand for fast and stable supply in major global markets. It is estimated that by 2025, the global production capacity will reach 540GWh. In the field of battery technology innovation and research and development, LG New Energy has been deeply cultivated for 30 years, with more than 34,000 employees worldwide and 25,000 patents, ranking first in the world in terms of the number of patents. ?
Through continuous industrial investment, LG New Energy aims to help the global new energy automobile industry achieve high-quality and stable development through technological innovation. Especially in understanding the pain points of the four core users of new energy vehicles, such as higher cruising range, convenient and fast charging, price tolerance and safety, LG New Energy has increased its cruising range to 800 kilometers with the help of leading high-nickel quaternary lithium battery and soft package CTP technology, which is close to the level of fuel vehicles. Moreover, through the high-efficiency silicon technology, it can meet the fast charge of 300 km battery life in 10 minutes, which is convenient for travel. In addition, the use of new materials can save core costs and reach purchasing power parity. LG New Energy also ensures the safety of power batteries through advanced thermal diffusion solutions and thermal management.
Intelligent manufacturing is the only way for the high-quality development of global new energy battery industry. Under the background of Global Industry 4.0, exploring and promoting the new energy battery industry to enter a new journey of intelligent, efficient, green and low-carbon development has become a hot spot in the industry. LG New Energy is committed to building a "smart factory" on a global scale. By establishing an automatic, systematic, digital and intelligent production process, all-round data collection, information tracing and status monitoring on the production line can be realized. Connect the global production network under the integration of R&D, design, supply chain and management after-sales service, save resources, improve efficiency, ensure products meet global standards, and promote the advanced development of intelligent manufacturing industry.
In addition, in order to realize energy conversion and carbon neutrality, LG New Energy ensures the effective management and application of energy through Baas (Battery as a Service), and always promotes the transformation of clean and green energy. In the circular economy scheme, LG New Energy considers the reuse, recovery and disposal methods of lithium-ion batteries, which reduces the battery cost in the new energy era and creates a new concept of circular economy in the battery industry. The forum shared that LG New Energy, as an industry benchmark, showed the blueprint of global industrial layout, highlighted the progress in green products, green factories and promoting green recycling of resources as a leading enterprise in the global battery field, and provided a new solution for the upstream and downstream of the new energy automobile industry chain.
Finally, Cui Chengyu also shared the strategy and achievements of LG New Energy in ESG direction. He said that LG New Energy takes' charging' as its business strategy, fulfills its corporate social responsibility obligations from three dimensions of environment, society and regulations, and has been committed to creating value for a sustainable future by strengthening ESG construction. As the first new energy enterprise in Korea to join the RE 100 initiative, LG New Energy is at the forefront of tackling climate change. The utilization rate of renewable energy will reach 60% in 2022, and the goal of renewable energy 100% will be achieved by 2025. LG New Energy also joined the Responsible Enterprise Alliance (RBA) and the Responsible Labor Initiative (RLI) to continue to expand ESG action. More than that, LG New Energy will continue to contribute to social value, move towards the vision of "empowering a better future", clarify the four driving factors of environment, occupational health and safety and society, strengthen communication and governance, and contribute to the creation of sustainable value.
On the road of development, LG New Energy always aims at green energy and sustainable development, adheres to the vision of creating a bright future, is based on the global industrial layout, and is committed to more efficient and safer green energy services with innovative technological achievements in the green era.
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