Premium wet-type separators, a key component of electric vehicle batteries will run into a supply shortage in 2023 due to "explosive” growth in demand, says major producer SK Innovation. — REUTERS
The battery materials unit of SK Innovation Co. said the global market for premium wet-type separators, a key component for electric vehicles, will run into a supply shortage in 2023 due to "explosive” growth.
SK IE Technology Co. said in a statement Thursday that its sales of separators for EVs jumped 490% last year from 2018. The company — part of South Korea’s third-largest conglomerate SK Group — expects separators will account for about 80% of total sales in the next three years or more, from about 55% currently.
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