Han Media: CATL's R&D Investment in the First Half of the Year Reaches $1.39 Billion, Far Exceeding South Korean Companies!
December 11, the South Korean media "Herald Economic" published an article stating that market research company data shows that Chinese battery company CATL's R&D investment in the first half of this year exceeded 2 trillion KRW.
Data recently released by market research company Benchmark Minerals shows that CATL's R&D investment in the first half of the year reached $1.39 billion (approximately 2.028 trillion KRW).
Last year, CATL's R&D investment was $2.58 billion.
Benchmark Minerals evaluated that LG Energy Solution and Samsung SDI also invested significant funds in R&D, but the gap with CATL is considerable.
LG Energy Solution and Samsung SDI's R&D investments in the first half of the year were $850 million and $490 million, respectively.
Benchmark Minerals pointed out, "CATL has always led in R&D investment, far exceeding the investments of companies ranked behind."
Benchmark Minerals analyzed that R&D investment by battery companies reflects strategic differences within the global supply chain.
Chinese companies such as Evergrande Lithium and Gotion High-Tech have R&D investments of less than $500 million, but Benchmark Minerals emphasized that they are making significant contributions to China's innovation ecosystem.
Benchmark Minerals also observed that LG Energy Solution's R&D investment has significantly increased compared to last year, focusing on developing a diversified range of batteries.
Benchmark Minerals pointed out, "When discussing new technologies, LG Energy Solution always mentions high-manganese batteries and sodium technology, which are always indispensable."
Benchmark Minerals also added that the growing concern about reducing dependence on Chinese products highlights the potential of battery startups outside China.
Original: toutiao.com/article/1851198427075787/
Statement: This article represents the views of the author.