SEOUL, Aug. 7 (Korea Bizwire) — Samsung SDI Co. said Thursday an electric vehicle (EV) equipped with its batteries has set a world record for the longest distance driven on a single charge. The Lucid Air Grand Touring, an EV produced by U.S. automotive company Lucid Group Inc., traveled 1,205 kilometers from Switzerland to Germany, [...]
SEOUL, June 11 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-largest battery maker, said Wednesday it has signed a battery supply deal with German energy storage system (ESS) provider Tesvolt AG. Under the agreement, Samsung SDI will deliver its Samsung Battery Box (SBB) products to Tesvolt by the end of this month. Tesvolt will [...]
SEOUL, April 30 (Korea Bizwire) — South Korea’s major battery makers are increasingly reliant on U.S. subsidies under the Inflation Reduction Act (IRA) as a prolonged slump in electric vehicle (EV) demand—known as the “EV chasm”—drags on, clouding earnings prospects and investment strategies. Now, growing political uncertainty in Washington is further complicating the industry’s outlook. Companies like [...]
SEOUL, April 28 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-largest battery maker, said Monday it will promote its latest energy storage system (ESS) battery products at a major European battery exhibition next month. Samsung SDI will take part in InterBattery Europe 2025, one of the key exhibitions under The Smarter E Europe — [...]
SEOUL, March 31 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Monday it has begun supplying next-generation 46-series cylindrical batteries to a U.S. company. Samsung SDI produces 4695 batteries, measuring 46 millimeters in diameter and 95mm in height, at its domestic plant and assembles them into modules at its Vietnamese plant [...]
SEOUL, March 14 (Korea Bizwire) – Samsung SDI Co., South Korea’s major battery maker, said Friday it has signed a 437.4 billion-won (US$300.5 million) deal to supply energy storage solution (ESS) batteries to U.S. energy firm NextEra Energy Inc. The deal apparently is part of an ESS supply agreement the two companies reached in July, [...]
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’ [...]
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 [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., a South Korean battery maker, said Wednesday it has signed a formal deal with global automaker General Motors Co. to jointly build electric vehicle (EV) batteries in the U.S. state of Indiana. Under the deal, the two companies will invest a combined US$3.5 billion to build [...]
SEOUL, July 23 (Korea Bizwire) – LG Energy Solutions Ltd. (LGES) and Samsung SDI Co., South Korea’s two leading battery makers, said Tuesday they will diversify their product lineups to better compete with global rivals, particularly from China. LGES and Samsung SDI have focused on high-end lithium ion battery products, but they also need to [...]