Business
Samsung SDI planning to build up electric vehicle battery plant in the US
According to the recent report, Samsung SDI is looking to strengthen its own electric vehicle battery plant in the United States. It plans to set up a separate production line from the joint venture with Stellantis. In addition to Stellantis, a joint venture with other automakers is also under consideration.
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Additionally, Samsung planning to resume investment orientation at the market level. Recently, there has been aggressive investment in battery factories around the world, so a shift in the traditional investment trend has been found.
Furthermore, the South Korean tech giant explained with the intention of moving forward with additional investments rather than a joint venture after observing the market situation. However, as stated in the specific goal of being number one in the market by 2030, there may be a different aggressive investment than before.
Last year, Samsung SDI invested KRW 2 trillion in establishments. Although it has been high since its inception, it has shown a passive investment attitude compared to other domestic battery companies such as LG Energy Solutions and SK Innovation.
Samsung SDI launched mass production of the next generation (Gen 5) next-generation battery at its factory in God, Hungary. New lithium-ion battery separator (LiBS) with 30% higher thermal resistance than existing batteries and high nickel/cobalt/aluminum (NCA) cathode content with 80% nickel content.
