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Company to mass produce long life battery

• Chem said yesterday that it will mass produce a cylindrical lithium-ion battery with the world's largest storage capacity.
• The company said it had finished testing the battery, which can be used in laptop computers and camcorders, and will start supplying them to major laptop companies next month.
• LG Chem said that when they are used in laptops, the batteries last between 4.5 hours and 5.5 hours when fully charged.
• "We are already at an equal level with the top Japanese manufacturers in high-tech battery technology," said Kim Myeong-ho, LG Chem's managing director.
• Korean and Japanese battery makers have been competing to increase the capacity of cylindrical lithium-ion batteries that are 18 millimeters in diameter and 65 millimeters tall.
• The battery, which can be used many times through recharging, can be also be used for heavy industrial machineries.
• The global market for lithium-ion batteries amounts to 5.2 trillion won ($5 billion).
• The company recently landed a $300 million contract with Hewlett-Packard to supply lithium-ion batteries to the American computer maker.
• The contract is the largest ever among the exporters of such high-tech batteries in Korea.
• Under the contract, the company will supply Hewlett-Packard with 10 million packs of cylindrical batteries for laptops until 2007.

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