SDI

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%…

General Motors and Samsung SDI have chosen Indiana for their joint EV battery plant. The state’s governor, Eric Holcomb, announced today that the companies will build the $3 billion facility in St. Joseph County, scheduled to open in 2026. The factory, designed to help GM meet rising EV demand, is expected to bring 1,700 new manufacturing jobs to the Hoosier State. The plant will manufacture nickel-rich prismatic and cylindrical cells. GM and Samsung SDI expect the completed factory to have “more than 30 GWh of capacity.”…

General Motors Co and Samsung SDI are set to announce as early as Tuesday the plan to build a joint venture electric vehicle battery manufacturing plant in the US, as the automaker diversifies its component suppliers, sources said.The news comes as South Korean President Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the US by a South Korean leader in 12 years.Yoon, who has made business opportunities a cornerstone of his…

On 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 was made during South Korean President Yoon Suk Yeol’s state visit to Washington, D.C., for a meeting with US President Joe Biden. Moreover, the announcement to invest more than $3 billion in…

Samsung SDI and General Motors said on Tuesday that they will spend over $3 billion together to build an electric vehicle battery plant in the US. The pair haven't finalized where their joint venture will be located but are aiming for an annual production capacity of 30GWh, with commercial production beginning in 2026. The plant will produce high-nickel prismatic and cylinder batteries that will be used by General Motors in their future electric vehicles. It is South Korean battery maker Samsung SDI's first supply deal…

Samsung 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 research and development centers in Germany and the United States. Samsung SDI is one of the largest manufacturers of batteries in South Korea. It also happens to be a major player in…

<!----> Posco Chemical’s Gwangyang plant South Korea’s Posco Future M, formerly known as Posco Chemical Company, announced plans to build its first plant dedicated solely to the production of nickel, cobalt and aluminium (NCA) cathode materials for electric vehicle (EV) batteries, in Pohang in the…

<!----> Samsung SDI Company plans to build a new electric vehicle (EV) battery plant in the US with General Motors (GM) in response to growing EV demand in the region, according to local reports. The two companies plan to jointly invest up to KRW5trn (US$3.9bn) in a factory with…

Samsung SDI‘s EV battery plant in Hungary is all set to receive €90 million in fund support (roughly $95 million) from the European Commission. This investment aid is to help Samsung SDI in Hungary support its expansion of the production facility for EVs in Göd, Hungary. Also, the fund from the EU will be used by Samsung SDI to complete the local battery plant, in turn revving up the local economy and bringing in locally created jobs. Samsung SDI is one of the key players in the fastest-growing market for lithium-ion…