- They will collaborate with partners in the EV industry by deciding to provide battery services using big data generated during the EV charging process
- After completing the empirical project by 2021, LG Chem and GS Caltex will launch domestic service businesses
LG Chem and GS Caltex will team up with partners in the EV industry to develop EV battery specialized services using big data. The two of them have announced that they have entered the ‘MOU for Improving the Charging Environment and Finding New Business Opportunities’ together with Signet EV, Soft Berry, KST Mobility, and Green Car.
LG Chem and GS Caltex agreed on the need to develop a charging solution to create an EV ecosystem. They will collaborate with partners in the EV industry by deciding to provide battery services using big data generated during the EV charging process.
They said, “The purpose of this MOU is to utilize EV big data collected at charging stations to find various battery specialized services, and LG Chem and GS Caltex agreed to first develop a battery safety diagnostic service.”
The battery safety diagnostic service will save driving and charging data in a cloud server while an EV (Green Car, KST Mobility) charges at a GS Caltex Charging Station. It will be done using the LG Chem big data analysis and battery service algorithm. The current status and dangers of the battery will be checked and provided not only on the charger panel (Signet EV), but also the driver’s mobile phone (Soft Berry).
Overseas charging markets starting in 2022
LG Chem Automobile Energy Solutions vice president Dong Myung Kim stated, “By providing services specialized to EVs through this MOU, we have created the cornerstone for drivers to use EVs more safely and conveniently.”
He also added, “We will become the global leader not only in EV battery product competitiveness but also in services.”
After completing the empirical project by 2021, LG Chem and GS Caltex will launch domestic service businesses. They plan to expand the battery specialised service business to overseas charging markets starting in 2022. The two companies also agreed to search for new services like as smart charging and remaining life prediction that can improve the battery life based on the battery safety diagnostic service in the future.
They said, “Once the service is developed, the driver can receive one-stop services at the GS Caltex EV charging station including battery safety diagnostics, smart charging that applied degeneration prevention algorithms, and remaining life prediction services.”