SK On在韩新设ESS生产线，全力争夺国内ESS订单

Core Viewpoint - SK on is establishing a new production line for lithium iron phosphate (LFP) batteries in South Korea, with an annual capacity of 3 GWh, marking the company's first LFP production line domestically and the largest in the country [1] Industry Summary - The electric vehicle industry is currently experiencing a downturn, leading battery companies to focus on energy storage systems (ESS) as a primary profit source [1] - LFP batteries are favored in the ESS market due to their lower costs and better stability compared to nickel-cobalt-manganese (NCM) batteries [1] - The South Korean government plans to significantly develop ESS projects starting in 2025, aiming to expand ESS capacity to 138 GWh by 2038, with project scales potentially reaching 20 to 30 trillion KRW [1] - The second round of bidding for ESS projects is currently underway, indicating a competitive landscape among South Korean battery companies [1] Company Summary - SK on's new production line is a strategic move to capitalize on the growing ESS market amid the electric vehicle industry's challenges [1] - LG Energy Solution has announced plans to establish a 1 GWh ESS capacity domestically, while Samsung SDI is also considering building a production line for LFP batteries [1]