Chapter 228
Chapter 228
As the company name suggests, Karos creates an operating program that controls not only autonomous driving, but the entire vehicle.
Therefore, it can be said that it is the most suitable form for electric vehicles that are all operated by electricity. So, ultimately, I wanted to move on to electric vehicles.
Although electric vehicles have been an issue for several years and the names Nikola and BID are often mentioned, the actual sales of electric vehicles are only 1% of the total car sales.
This is due to the limitations of the battery of electric vehicles. However, OTK batteries can completely solve the problems of existing electric vehicles.
Who should I tell about this joyous fact first?
“Call your sister first.”
Taek-gyu called Hyun-joo’s sister and explained the situation. Then he handed me his phone.
“You want to change.”
Hyunjoo noona said when I answered the phone.
[Is it possible to mass-produce? Is it possible to secure the production cost?]“Yes. With the current technology, mass production is no problem. The production cost is not much different from the existing NCM battery with the same capacity, and it will be possible to lower it further in the long run.”
There are many good technologies in the world. However, not all good technologies are commercially available.
In fact, batteries with a capacity tens of times larger and charging rates tens of times faster than conventional batteries have already been developed by various research institutes. By using nanoparticles and graphene instead of lithium ions, the existing limitations were overcome.
But that was the problem. Nanoparticles and graphene have failed to commercialize because it is difficult to mass-produce with current technology and cannot meet production costs.
However, the battery developed by Professor Homin Kim is different.
[Let’s meet for more details.]“Yeah. I will stop by on the way back.”
It was difficult, so I called Chairman Im Jin-yong.
[Hello.]“Hello, senior. Are you in Korea?”
[Yes. We are currently inspecting the Pyeongtaek semiconductor factory. If it’s not important, we’ll get back to you when it’s finished“It’s important. Can you come to the OTK Lab?”
[Is that right?]“Yes.”
If he felt something from my words, Chairman Im Jin-yong answered immediately without asking any further questions.
[I will go now.]Less than an hour after calling, he arrived at the OTK Research Center in a hurry. He had come once the other day and greeted Professor Ho-Min Kim.
“For what?”
“Don’t be surprised, listen.”
“Okay.”
Professor Homin Kim, as before, said that the new battery… … He explained in detail the principle and function of the so-called OTK battery.
Again, all sorts of incomprehensible jargon came and went.
Chairman Im Jin-yong asked if he understood everything.
“If the electrolyte is fixed, it would be possible to implement an ultra-thin or flexible film.”
Professor Homin Kim nodded his head.
“of course. It can be made into any shape due to its miniaturization and design freedom.”
Chairman Im Jin-yong could not hide his surprise.
“OTK batteries will be game-changing. This is nothing short of a revolution in the automobile and IT industries.”
All battery makers around the world are investing huge amounts of money on R&D, risking their lives to increase capacity and secure stability.
Unknowingly, the capacity continued to increase, but the reality is that there was no groundbreaking development.
Currently, China is the number one producer of batteries. In addition, China is the world’s largest producer and seller of electric vehicles. This is because the Chinese government is providing subsidies to battery makers to foster electric vehicles.
Seosung SB and CL Chemical were excluded from subsidies. Although he made several excuses, in the end it was to push the domestic companies.
In fact, Chinese battery makers are closely chasing Korean companies by developing technological prowess based on the huge domestic market.
But now things have changed. It can be said that the technological gap has widened for several more years with the development of OTK batteries.
Just because you made a battery doesn’t mean everything is over.
It is necessary to have a mass production system, collect the batteries to make a battery cell, and connect the battery cells to make a battery pack before it can be installed in a smartphone or electric vehicle.
A high level of technical skill is required to uniformly control the voltage, capacity, and discharge amount of thousands of batteries connected in series and parallel. That is why I heard that Nikola, who made a battery pack by connecting 10,000 18650 batteries, is amazing.
Chairman Im Jin-yong said confidently.
“As you know, Seoseong SB has world-class technology in manufacturing battery cells and battery packs. No other company can do it better than us.”
Taek-gyu spoke to me in a low voice.
“Aren’t you good at CL Chemistry?”
“It is, but… … .”
They’re not very friendly with us.
However, Seoseong SB is different. We own an 11 percent stake in Seoseong SB, and have invested .5 billion to create a joint venture. So, first of all, we have to work hard on production.
Chairman Im Jin-yong looked at Professor Ho-min Kim with respectful eyes.
“It’s amazing. This is something no one has ever done before.”
Professor Homin Kim said with a smile.
“It’s not just me, it’s the achievement of everyone here sleepless.”
Then he looked at me and asked.
“What do you think? Do you think you can get rich like I said before?”
I promised to make a lot of money by hiring Professor Ho-min Kim, a tenured professor.
All patents developed by the OTK Research Center are owned by the OTK Research Center, and all profits from the patents also belong to the Research Institute.
OTK Research Institute owns 70% of the shares of OTK Company, and 30% is owned by Professor Homin Kim, the head of the research institute. Professor Ho-min Kim gave 10 percent of that to the researchers in the form of stock options. Therefore, all researchers here can be said to be shareholders.
The OTK Research Institute, which has invested only tens of billions of dollars, has created a game-changing technology for automobiles and IT companies in the future.
How valuable is this technology? group 1? Article 10?
I asked Chairman Im Jin-yong.
“If I sell it to Seosung Electronics for 10 trillion won, would it be true?”
Perhaps he thought it was a joke, Professor Homin Kim said with a smile.
“Isn’t 10 trillion too many?”
However, Chairman Im Jin-yong readily nodded his head.
“If mass production is possible, I will gladly buy it.”
At those words, Professor Ho-min Kim and his researchers’ faces hardened. It was then that they realized the value of the technology they had developed.
New technologies can make big money for businesses and investors. However, the reality is that scientists and researchers who developed it are treated as cold rice.
I looked around them and said.
“Everyone here is going to sit on the money cushion.”
Of course, I will make the most money.
* * *
Three days later, we decided to hold a battery demonstration and presentation. The location was decided at the Ceylon Hotel Emerald Hall located in Namsan.
President Lim Su-mi told me.
“We will do our best to prepare for any inconvenience.”
Senior Ki Hong published her promotional materials and sent out invitations to her domestic and foreign reporters and her officials.
“… … CL Chemistry President Yang Yang-young and SSK Innovation President Chae Won-ho expressed their intention to attend, RCK Bros. Chairman Ryu Cheol-gyun and Vice Chairman Shin Byung-doo will also come.”
“Everyone seems to be interested.”
“And the Chief of Policy Office at the Blue House and the Minister of Science and Technology will also attend.”
I asked in confusion.
“Did you even send invitations to politicians?”
Senior Ki Hong shook his head.
“Is it possible? After hearing the news, I was the first to contact you.”
It is impossible to stop government officials from attending.
Daryl and Ryan flew directly to Korea in the midst of a frenzy due to new car production. The two had a separate talk with Professor Ho-Min Kim.
Daryl is also originally a developer and researcher. He developed the software called autonomous driving, and Professor Homin Kim developed the hardware called OTK battery.
Although it was the first time they met, they expressed deep respect for each other and talked deeply.
On that day, people flocked in like clouds.
I was the moderator, and Professor Homin Kim took charge of the technology disclosure.
As usual, he had a scruffy look with a ponytail, and he showed off a PPT and explained about the OTK battery.
As he is open to the public rather than academic journals, he explained in an easy-to-understand manner, excluding technical terms.
To put it simply, it does not use cobalt, doubles the capacity, and the charging speed is four times faster. Still, the goal was to have better stability.
Articles were uploaded to the Internet at a tremendous speed before the presentation was even finished.
[OTK battery, double the capacity and four times the charging speed compared to the existing NCM battery][Is the world battery industry upside down?][Is it possible for an electric car to travel 1,000 kilometers?][The beginning of the full-scale electric vehicle era][The end of internal combustion locomotives in 3 years due to OTK Company]After Professor Ho-min Kim’s presentation was over, I asked the reporters.
“Do you have any questions?”
Then, as if waiting, the reporters jumped up and asked questions.
“Is the stability verification done?”
“When do you think mass production will be possible?”(Read more @ wuxiax.com)
“How different is the production cost compared to NCM batteries?”
“Can it be installed directly in the electric car that Karos is going to launch?”
“Please tell me your specific schedule.”
* * *
When the OTK battery was unveiled, we were contacted by automakers and IT companies around the world.
I read the e-mails I received from the CEOs of NPL, Google, and Iver. If time permits, I would like to meet you in Korea.
Meanwhile, Taek-gyu carefully looked at the comments on the Internet.
-NCM batteries and LFP batteries are all over. Is the era of OTK batteries opening now?
– In my opinion, it’s like a public fraud. After releasing the technology in this way, investors are planning to eat and run.
-Huh? After the earthquake, the wealth is over 100 trillion?
-Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
-But is it really possible to mass-produce?
– I am a student at the Department of Materials Science and Engineering at KAIST. As it is a lithium-ion battery anyway, mass production itself will not have any technical difficulties. If the price of the alternative material is right, there is enough marketability.
– I am an employee of Seoseong SB. We are preparing for trial production, and JY is directly at the factory with the researchers. Only the employees are dying without leaving work.
-Ah! I should have bought Seosung SB stock yesterday.
First of all, OTK battery decided to test-produce OTK batteries by changing some lines at the Suwon plant of Seoseong SB. In addition, it hastened the development of battery cells and battery packs.
Chairman Im Jin-yong canceled all other schedules and went directly to Suwon to tour the factory and encourage the researchers.
[It could be installed on NT9 which will be released next month at the earliest.]“Won’t it be hard until then? You should also look at the yield.”
[It will be difficult for all products, but if you hurry, you will be able to mount it on the special edition. I plan to install it only on the highest-priced model to see the reaction.]They haven’t even produced it yet, but they’re already drinking kimchi soup.
As the feature phone evolved into a smartphone, the inconvenience of having to charge it more often arose. Unlike feature phones, which only made calls and texts, smartphones are a phenomenon that arises from activities such as the Internet, watching videos, and playing games.
I wonder if everyone carries a charger or auxiliary battery with them when they go out?
However, if the OTK battery is installed, it is possible to secure twice the usage time than now. Even a person who spends a lot of time will be able to use it for a day or so.
In a way, it is not a big deal, but as smartphone technology has been leveled up, this alone can make it different from competing products.
It hasn’t been officially released yet, but the market fluctuated first.
Global IB and hedge funds took short positions on battery and electric vehicle makers all at once, selling short positions, while finding and buying stocks that would benefit.
The stock prices of Seosung Electronics and Seosung SB rose together, and Nikola’s stock price plummeted again, becoming a prey to the short selling forces.
Allen Eberhart vomited a tantrum saying he couldn’t sleep because of the short selling, and threatened to make a public purchase of Nikola stock and make it private.
Looking at this, it seems that the Korean stock market and the American stock market are the same as the short selling forces.
