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Samsung SDI Develops Thermal Propagation Prevention Technology for EV Batteries

Samsung SDI Develops Thermal Propagation Prevention Technology for EV Batteries

SEOUL, Feb. 19 (Korea Bizwire) —  Samsung SDI has completed the development of a breakthrough technology designed to prevent thermal propagation, a key cause of electric vehicle (EV) battery fires, and is now preparing for commercialization. According to Samsung SDI’s newsroom announcement on February 18, the company has finalized the commercialization review for its ‘No-Thermal Propagation’ [...]

Samsung SDI Names Choi Joo-sun as New CEO

Samsung SDI Names Choi Joo-sun as New CEO

SEOUL, Nov. 28 (Korea Bizwire) — Samsung SDI Co., a battery and electronic materials manufacturing unit under Samsung Group, said Thursday it has appointed Choi Joo-sun, head of Samsung Display Co., as its new CEO as part of the group’s leadership reshuffle. Choi, 61, began his career as an engineer in a memory chip development [...]

South Korea’s Battery Trio Secure Top-5 Spots in Global Electric Vehicle Battery Market

South Korea’s Battery Trio Secure Top-5 Spots in Global Electric Vehicle Battery Market

SEOUL, Apr. 16 (Korea Bizwire) — Last year, all three major South Korean battery makers – LG Energy Solution, Samsung SDI, and SK On – secured positions within the top five in the global electric vehicle battery market, according to a recent report.  According to SNE Research, an energy market research firm, the total electric vehicle [...]

Samsung SDI Q3 Net Down 2.5 Pct amid Sluggish Demand

Samsung SDI Q3 Net Down 2.5 Pct amid Sluggish Demand

SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Thursday its third-quarter earnings slid 2.5 percent on-year amid decreased demand for energy storage system (ESS) products and pouch battery cells used in smartphones. Consolidated net profit came to 622.4 billion won (US$459.3 million) in the July-September period, compared with 638.2 billion won from a [...]

Samsung SDI Signs 7-year Battery Deal with Hyundai Motor

Samsung SDI Signs 7-year Battery Deal with Hyundai Motor

SEOUL, Oct. 23 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest car battery maker, said Monday it will supply batteries for Hyundai Motor Co.’s electric vehicles in a seven-year deal. Samsung SDI signed the deal to provide car batteries to Hyundai Motor’s vehicles to be built in Europe from 2026 through 2032, the company [...]

Samsung SDI Invests $1.97 Billion in Second U.S. Battery Plant in Partnership with Stellantis

Samsung SDI Invests $1.97 Billion in Second U.S. Battery Plant in Partnership with Stellantis

SEOUL, Sept. 27 (Korea Bizwire) – Samsung SDI Co. will spend US$1.97 billion on its second battery manufacturing facility it is building in the United States jointly with Stellantis N.V., the South Korean battery maker said in a filing Wednesday. The disclosure came about two months after their U.S. venture, StarPlus Energy, announced a plan [...]

Samsung SDI Signs MOU with Australia’s Syrah for Supply of Anodes in the U.S.

Samsung SDI Signs MOU with Australia’s Syrah for Supply of Anodes in the U.S.

SEOUL, Aug. 10 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. is venturing to expand the supply of anode-active materials produced with natural graphite in the North American market. The company recently entered a memorandum of understanding (MOU) with Australian graphite explorer Syrah Resources Ltd. to procure a supply of natural graphite active [...]