LG Chem’s new curved batteries may reshape the industry

LG Chem’s new batteries may reshape the industry

Oct 09,2013

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LG Chem said yesterday it has completed development of a cable battery, which – along with the recently introduced stepped and curved batteries – the company hopes will help to power its drive to be a leader in the global market.
“Through the exclusiveness of our unique technology, LG Chem has succeeded in launching batteries for the future that have not existed before,” said Kwon Young-soo, who heads the energy solution unit at LG Chem. “We will continue to strive to be No. 1 globally by developing more optimized, safer and longer-lasting batteries.”
Korea’s largest battery maker started producing stepped batteries at its plant in Nanjing, China, in July to power LG Electronics’ G2 smartphone. Stepped batteries refers to a type in which two or more batteries are placed on top of each other. The battery maximizes available space within a device and is well suited to the IT gadget trend of flexible design, says the company.
For instance, recent mobile devices use round shapes and designs with rear buttons, creating “dead space” inside the gadget that stepped batteries can fill to increase power capacity, according to LG Chem.
In the LG G2, battery capacity was increased by 16 percent, allowing an additional three hours of use before charging, the company said. LG Chem said it plans to make stepped batteries that incorporate additional units depending on customer needs at its Nanjing plant.
The company began producing curved batteries this month to power LG’s next-generation smartphone lineup.
They will allow the IT device maker to incorporate curved screens and more flexible designs in smartphones, watches and eyeglasses.
The cable battery will be used in IT devices that can be bent, worn and even tied in a knot. It has been designed to not heat up even during long periods of use, according to LG Chem.
In addition, the waterproof features of the battery allow it to be used in wearable gadgets regardless of flexibility requirements, from necklace types to smart watches.
Meanwhile, the company said it will display its products at InterBattery 2013, which starts next Wednesday at COEX, in southern Seoul.
BY JOO KYUNG-DON [kjoo@joongang.co.kr]

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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