In May 2022, Samsung SDI revealed that the company was developing cylindrical batteries with a 46mm diameter and that it would finalize the design of those batteries by 2023. Now, the CEO of Samsung SDI, Yoon Ho Choi, has announced that the company will make the batteries with 46mm diameter ready for mass production by […]
Read MoreSamsung SDI, the battery making division of the conglomerate, has been planning to establish a lithium iron phosphate battery production line. These batteries deliver distinct benefits of having a longer life span and improved charge efficiency. The company recently held a conference at its plant in Cheonan, South Korea, highlighting the plan to potential vendors […]
Read MoreSamsung SDI, Samsung’s battery manufacturing arm, has invested in a Canadian nickel mining firm. The company has signed a deal to invest in Canada Nickel, which would help Samsung SDI acquire the critical materials required to manufacture rechargeable batteries. Samsung SDI is trying to secure electric car battery material in North America The Canadian firm […]
Read MoreSamsung SDI, Samsung Group’s battery-making division, held a commemorative event today to celebrate five years of its partnership with Volvo Trucks. The South Korean firm has been supplying EV batteries for Volvo’s electric buses and trucks. Both companies have decided to expand their partnership further by collaborating in move segments. Samsung SDI celebrates the five-year […]
Read MoreOn Monday, Samsung SDI officially announced that it had inked a deal to supply batteries to Hyundai Motors. South Korea’s second-biggest car battery maker, Samsung SDI, unveiled that they have entered into a 7-year deal with Hyundai Motor Co. to supply batteries for EVs. As per the official statement, Samsung SDI batteries will power the […]
Read MoreThe latest official filing confirms that Samsung SDI (the battery manufacturing wing of Samsung Electronics) is all set to invest $1.97 billion to develop its second battery manufacturing plant in joint partnership with Stellantis N.V. in the US. This information comes from a filing about two months after both companies joined hands for their US venture. […]
Read MoreAccording to the latest report, Samsung SDI (the battery manufacturing wing of Samsung Electronics) on Monday revealed that it plans to build a second battery manufacturing unit in the USA. This battery plant unit will be developed in partnership between Samsung SDI and Stellantis N.V. in the United States, in addition to their first plant […]
Read MoreSamsung SDI, one of the biggest names in the global battery market, is building a massive EV battery plant in the US in partnership with GM (General Motors). The companies have chosen St. Joseph County, Indiana, to build their joint EV battery plant, the state’s governor Eric Holcomb announced today. Samsung SDI is building an […]
Read MoreOn Tuesday, Samsung SDI, the battery and electronic materials manufacturing arm of Samsung, and General Motors Co. (GM) announced that they have joined hands to invest more than $3 billion in an EV battery plant in the US. This move is in line with the automaker’s aim to diversify its component supplier portfolio. This announcement […]
Read MoreSamsung SDI, the conglomerate’s battery-making division, is looking to take advantage of China’s rapidly evolving battery industry. To that end, the company has set up a new research and development center in Shanghai. This isn’t the first outpost of its kind that Samsung SDI has set up outside of South Korea. It already operates overseas […]
Read MoreSouth Korean battery maker, Samsung SDI (Samsung’s arm), revealed that the company posted a record profit in 2022. Samsung SDI’s net profit increased by 63.1%, registering KRW 2.03 trillion (approx $1.62 billion) in the same period. These staggering profits were made possible by strong EV battery demand and Energy Storage Systems (ESS). Samsung SDI highlighted […]
Read MoreSamsung SDI is planning to construct a new battery manufacturing plant in Göd, Hungary reports The Elec. According to the publication, Samsung will produce batteries mainly for BMW’s electric cars at the new battery manufacturing plant. Reportedly, these batteries will be made according to the specifications provided by the German car manufacturer. The new factory […]
Read MoreWhile Samsung SDI has already joined hands with popular car manufacturers around the world, such as Volkswagen, BMW, and Stellantis, to supply batteries for their passenger electric vehicles (EVs), the company is also keen on supplying batteries for commercial EVs. To that extent, Samsung SDI is demonstrating its latest battery technologies for commercial electric vehicles […]
Read MoreLast year, Samsung SDI announced that it is entering a joint venture with carmaker Stellantis to set up an EV battery plant in the US. Now, the South Korean firm’s officials met a delegation of officials from the US to discuss the joint venture further. Samsung SDI President and CEO Yoonho Choi met a delegation […]
Read MoreSamsung SDI has finished setting up its first research and development center in the USA. Located in Boston, the purpose of this new facility is to give Samsung a competitive edge in the electric vehicle battery market. This new development follows a similar announcement Samsung made earlier in the summer when SDI opened up a […]
Read MoreAccording to the latest numbers by Yonhap Infomax, Samsung SDI posted its best ever operating income and sales figures in the second quarter. This is all thanks to the robust EV battery sales and the world’s shift to electric vehicles. As per the report, the operating income reached KRW 429 billion (around $330.4 million) during […]
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