SK On is working on Korean battery standards
In Korea, SK On, the battery division of South Korean company SK Innovation, has signed a “trade agreement on setting standards for the condition and evaluation of EV batteries” with the Korea Automotive Inspection and Warranty Association. (KAIWA).
Both parties have agreed to establish valuation standards and performance diagnostic methods for calculating the residual value of EV batteries. SK On and the standards association hope to boost the used electric vehicle market with the agreement, which they say should provide accurate valuations to improve market transparency.
Korea Automobile Inspection and Warranty Association is an organization established under Korea’s Ministry of Land, Infrastructure and Transportation (MOLIT). The association aims to protect consumers by inspecting the performance and condition of used vehicles and by conducting price surveys.
These standards and processes should be important not only for improving the manufacturing and performance standards of batteries, but also for their subsequent use in second-life applications prior to recycling.
With this agreement, the two parties plan to complete the establishment of standards for the evaluation and diagnosis of electric vehicles. The deal is expected to see KAIWA distribute a diagnostic device for used electric vehicles, prepare a general inspection standard on the performance and condition of electric vehicles, and “suggest system adjustment to MOLIT,” as SK puts it. We.
Late last year, SK On launched a pilot battery diagnostic service allowing drivers to self-check the health of an electric vehicle’s battery. From the pilot project, SK On said it hopes to use the experience and data gathered to offer other BaaS (battery as a service) models in the future.
“Performance diagnosis and residual value assessments are the starting point of the virtuous cycle of battery resources,” said Jeong Woo-seong, manager of e-Mobility business office, SK On. He added, “We will develop various eco-friendly business models while providing convenience to consumers in the future.”