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Samsung SDI to invest $39 million in EV battery components joint venture

Samsung SDI is Samsung’s arm that develops batteries for electric vehicles, smartphones, smartwatches, and wireless earphones. It has been revealed that the company will invest around KRW 48 billion (around $39 million) in EcoPro EM, a joint venture that will make cathode materials for electric vehicle batteries.EcoPro EM is a joint venture between EcoPro BM […]

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Samsung to supply batteries for Hyundai’s future electric cars

Samsung and Hyundai have been collaborating on automobile technology for six years, but their partnership grew bigger this year. The two South Korean companies have decided to collaborate for electric cars. Apart from providing Exynos chipsets and OLED screens, Samsung will also supply batteries for future Hyundai electric cars.It is being reported that Samsung has […]

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Samsung plans to collaborate with Hyundai for electric cars

Samsung is planning to collaborate with South Korean carmaker Hyundai for electric cars. It is being reported that top bosses of the two firms met to discuss a potential collaboration. Samsung may want to supply EV batteries and other connected car components for Hyundai’s electric vehicles.Samsung Electronics Vice Chairman Lee Jae-yong met Chung Eui-sun, Executive Vice […]

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Samsung SDI to become more self-reliant in making electric vehicle batteries

Samsung SDI, which makes batteries for various products ranging from smartphones to electric vehicles, plans to become more self-reliant. The company wants to stop using battery components from other brands and make as many parts in-house as possible.According to a new report from South Korean technology publication The Elec, Samsung SDI is planning to cut […]

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Samsung to shut down EV battery plant in the US due to COVID-19

After shutting down its smartphone and home appliance plants in various countries, including India, Samsung announced earlier today that it is temporarily shutting down its battery plant in the US. The battery plant, which is run by Samsung SDI, makes batteries for electric vehicles.Samsung said that it is shutting down its battery plant in Michigan to […]

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