[Featured Stock] TSI, All-Solid-State Battery Market to Grow 18-Fold in 10 Years... Samsung and Toyota Compete for Early Lead

[Asia Economy Reporter Hyungsoo Park] As interest in all-solid-state batteries grows, TSI's stock price is showing strong performance.

At 1:02 PM on the 15th, TSI was trading at 10,800 KRW, up 9.31% from the previous day.

Samsung SDI unveiled its next-generation battery, the all-solid-state battery, at the International Electric Vehicle Expo on the 8th. Japan's Toyota released a video of an electric vehicle equipped with an all-solid-state battery and announced plans to invest 16 trillion KRW in the development of next-generation batteries, including all-solid-state batteries. Volkswagen, Northvolt, Hyundai Motor, BMW, and GM are also expected to begin mass production of all-solid-state batteries between 2025 and 2027.

Dongwon Kim, a researcher at KB Securities, explained, "The all-solid-state battery is a battery capable of driving 800 to 900 km on a single 10-minute charge," adding, "It is attracting attention as a next-generation battery due to its high energy density, short charging time, and relatively low risk of fire and explosion caused by external shocks and battery swelling."

He continued, "Although there are practical challenges remaining in the development of technologies necessary to establish a mass production system for all-solid-state batteries, from a mid- to long-term perspective, if commercialization is successful, the direction for long-term growth and market expansion is expected to be clear."

He also forecasted, "The global all-solid-state battery market size is expected to grow 18 times over the next 10 years, from 1.6 trillion KRW in 2025 to 29.3 trillion KRW in 2035."

TSI is supporting the establishment of a solid electrolyte production line together with CIS subsidiary CISolid. CISolid, a solid electrolyte manufacturer, announced that it signed a memorandum of understanding with TSI, a specialist in powder transfer and mixing, and Korea Vacuum, a vacuum heat treatment equipment specialist, for the development and production of a solid electrolyte production line for all-solid-state batteries. CISolid was established in April through a 100% equity investment by CIS to mass-produce solid electrolytes.

CIS has formed a strategic partnership with TSI, which has strengths in powder mixing and transfer technologies, to create a mass production system based on dry processes. Through the MOU, they also agreed to cooperate in developing equipment for dry electrode manufacturing processes, which have recently become a hot topic.

CIS plans to establish an initial solid electrolyte production line through strategic alliances among the four companies. They aim to strengthen the competitiveness of the CISolid production system through continuous R&D collaboration and joint research and development on production line improvements.