Samsung SDI

With car manufacturers across the globe rapidly electrifying their lineups, demand for batteries has gone through the roof. Samsung SDI, the battery making company of the Samsung Group, has been investing heavily in its manufacturing facilities to cater to this demand. Samsung SDI is also focusing on improving battery technology in order to provide next-generation battery products for electric vehicles, as demand shows no signs of slowing down. Samsung's focus now is on mass producing all solid state batteries (ASBs) by…

Samsung SDI, the conglomerate's battery affiliate, already has a sizable presence in Hungary. The company manufactures many different types of batteries in the country. As demand for battery products grows, so does its need to expand production capacity. According to a new report out of South Korea, Samsung has finalized plans to set up another battery factory in Hungary. This would be the company's third such facility in Hungary, where it has already invested billions of dollars in similar facilities. Samsung continues…

There's been a lot of speculation recently regarding Samsung's return to the mergers and acquisitions space after Chairman Lee Jae-yong finally got a respite in his legal troubles. Insiders at the company view his legal troubles as the major contributing factor to a lost decade of significant potential investments in growth businesses. With the chairman now firmly in the driving seat and the legal troubles almost dealt with, the messaging that's coming from the company now seems to suggest that it's open to a more…

Samsung makes a lot of things other than smartphones, tablets, and TVs. It makes display panels, batteries, and various electronic components, and they are used by several firms worldwide. Yesterday, General Motors CEO Mary Barra met with high-ranking officials from Samsung to collaborate on batteries and other electronic components for electric vehicles. According to Yonhap News Agency, the General Motors CEO traveled to Seoul, South Korea, to meet executives from Samsung Display, Samsung Electro-Mechanics, and Samsung…

Samsung 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 for the project. A new report out of South Korea claims that Samsung SDI is considering sourcing equipment from Chinese vendors to establish the lithium iron…

Samsung 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 announced yesterday that Samsung SDI will acquire an 8.7% stake in Canada Nickel by investing $18.5 million. Under this deal, Samsung SDI will also secure a 10%…

Samsung Electronics has a battery development and manufacturing division, too, and it's called Samsung SDI. Batteries from Samsung SDI are used in Samsung's laptops, smartphones, tablets, and wearables. They are also used in electric vehicles from BMW and Fiat and will soon be used by Hyundai and Genesis. Now, the company is aiming to launch a completely new type of battery. Samsung SDI is planning to launch solid-state batteries by 2027. According to a report from KED Global, the company has formed a new team to…

HONG KONG— General Motors Co. and Hyundai Motor Group each announced new investments to produce electric-car battery cells in the U.S. in joint ventures with different South Korean battery makers. General Motors and Samsung SDI Co. announced Tuesday that they are planning to invest more than $3 billion in a battery-cell factory that would begin operating in 2026. The location of the plant wasn’t disclosed but the cells will support GM’s EV capacity in North America, Chief Executive Mary Barra said.…

Samsung launched the Galaxy S23 series in February and rumours about the next-generation Galaxy S flagship smartphones have already started coming in. The Samsung Galaxy S24 Ultra, which is expected to go official in 2024, is tipped to come with a new EV battery technology to offer improved battery life. Samsung's battery manufacturing division is reportedly planning to apply a capacity increase technology used in their electric car cells and inside the Galaxy smartphones and tablets. The Galaxy S24 Ultra is expected to…

SPARKS, Nev.—A pioneer in making electric-vehicle batteries in the U.S. has a message for newcomers: It takes time to power up. Japan’s Panasonic Holdings Corp. PCRFY -0.81% started building what would become America’s first large-scale EV-battery plant in 2015, at a site owned by Tesla Inc. TSLA -2.57% in the rolling hills outside of Reno, Nev.  After years of training workers and adapting machinery, Panasonic’s…