Kumyang Co., Ltd. participated in the Future Innovation tech eXpo 2024 (FIX 2024), held from October 23 to 26 at EXCO, where they showcased their industry-leading 4695 cylindrical battery and introduced their entire battery value chain.
Kumyang’s newly developed KY-4695 battery, created to tap into emerging markets, boasts an impressive energy density of 290.2 Wh/kg, surpassing Tesla’s 4680 battery, which has an energy density of 243.4 Wh/kg. KY-4695 also offers a capacity of 34.0Ah, compared to Tesla’s 23.4Ah.
Kumyang’s KY-4695 is equipped with a high-nickel NCMA cathode developed by Kumyang’s subsidiary SM Lab, with a nickel content of 97%. For the anode, graphite with less than 5% silicon is used. As a result, a 75kWh battery pack for an electric vehicle would require only 600 cells with the KY-4695, compared to 867 cells with Tesla’s battery, reducing cell count by 31%.
With 600 cells, the KY-4695 can provide an impressive range of up to 600 km, equivalent to an efficiency of 8 km per kilowatt-hour. At the event, Kumyang demonstrated the KY-4695 in a four-wheel drive electric vehicle, attracting significant interest from major global automakers.
Additionally, Kumyang displayed a large-scale diorama model of its soon-to-be-completed Gijang Dream Factory 2 and shared research achievements in high-nickel cathode technology, reaching 97% nickel content. The company also created a 3D VR experience, allowing visitors to explore Kumyang’s extensive MonLa mine in Mongolia.
To engage visitors, Kumyang provided a racing simulator experience to showcase the speed of future automotive technology, enhancing its brand image through interactive activities.
A Kumyang representative noted, “Recently, Kumyang signed a six-year, 2.3 trillion KRW distribution agreement with U.S.-based Nanotech for our innovative 2170 cylindrical battery. Global corporations have shown continued interest, giving us high expectations for future results. FIX 2024 presented a valuable opportunity to demonstrate Kumyang’s advanced technology and corporate value.”
FIX 2024 features specialized exhibitions, conferences, and business programs focusing on mobility, robotics, AI, and startups. The Daegu International Future Auto & Mobility Expo 2024 at EXCO’s East Wing will showcase trends in UAM, autonomous driving, batteries, components, and services. Meanwhile, the 2024 ICT Convergence Expo Korea, held in the West Wing, will exhibit AI, big data, blockchain, ICT, and metaverse technologies. The 2024 Daegu Robot Expo will display industrial robots, humanoid robots, and digital transformation solutions for the robotics industry. The “Start-up Arena” will also be newly launched, facilitating meetings between startups and experts from startup accelerators like Samsung C-Lab and Plug and Play.