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Samsung SDI Q2 Net Jumps Sixfold on Strong EV Battery Sales, Hints at U.S. Factory

Samsung SDI Q2 Net Jumps Sixfold on Strong EV Battery Sales, Hints at U.S. Factory

SEOUL, July 27 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Tuesday its second-quarter earnings jumped nearly sixfold on solid demand for electric vehicle (EV) battery products, hinting at a new battery factory in the United States in the near future to meet growing demand in the world’s most important automobile market. [...]

Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

SEOUL, March 9 (Korea Bizwire) — Samsung SDI Co., South Korea’s No. 2 battery maker, said Tuesday it spent a record high of 808.3 billion won (US$703.2 million) in research and development activities last year to develop advanced battery technologies. Samsung SDI’s R&D spending accounted for 7.2 percent of its 2020 sales, according to its [...]

Samsung SDI, Volvo Join Hands to Develop Battery Packs for Electric Trucks

Samsung SDI, Volvo Join Hands to Develop Battery Packs for Electric Trucks

SEOUL, Jul. 18 (Korea Bizwire) — Samsung SDI Co, a major electric vehicle battery maker, will join hands with Volvo Group to develop battery packs for electric trucks, the company said Thursday. In a strategic alliance with Sweden-based Volvo Group, one of the world’s largest manufacturers of commercial vehicles, Samsung SDI will provide battery cells [...]

Samsung SDI Eyes Overseas ESS Market amid Tepid Domestic Demand

Samsung SDI Eyes Overseas ESS Market amid Tepid Domestic Demand

SEOUL, May 16 (Korea Bizwire) — Samsung SDI Co. said Thursday it launched high-capacity energy storage systems (ESS) to expand its presence in the global market amid weak domestic demand over safety issues. The battery-making unit of Samsung Electronics Co. said it showcased its latest ESS technologies at ees Europe 2019, the world’s largest ESS [...]