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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 [...]

S. Korean Rechargeable Battery Producers Focusing on Different Markets

S. Korean Rechargeable Battery Producers Focusing on Different Markets

SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s top two leading rechargeable battery producers are focusing on different markets as they strive to expand their global presence in this key industry, market watchers said Wednesday. LG Chem Ltd. and Samsung SDI Co. have been moving in different directions as the worldwide market for high-capacity batteries [...]

S. Korean EV Battery Makers Spend Big to Capture Growing Market

S. Korean EV Battery Makers Spend Big to Capture Growing Market

SEOUL, Jan. 10 (Korea Bizwire) – South Korean electric car battery makers such as LG Chem Ltd. are jacking up their investment to strengthen their standing in the global market, industry sources said Thursday. Late last year, LG Chem, the country’s leading electric vehicle (EV) battery manufacturer, announced investments totaling 3 trillion won (US$2.67 billion). [...]

POSCO-Samsung SDI Consortium to Build Cathode Plant in Chile

POSCO-Samsung SDI Consortium to Build Cathode Plant in Chile

SEOUL, Mar. 12 (Korea Bizwire) — A South Korean consortium made up of steelmaker POSCO and battery maker Samsung SDI Co. will invest 57.5 billion won (US$54 million) to build a cathode plant in Chile by 2021, POSCO said Sunday. The POSCO-Samsung SDI consortium beat 12 companies from seven countries to secure the Chilean project, [...]

Chinese Authorities Still Giving S. Korean Electric Car Batteries the Cold Shoulder

Chinese Authorities Still Giving S. Korean Electric Car Batteries the Cold Shoulder

SEOUL, Jan. 4 (Korea Bizwire) — Despite the agreement between the Chinese and South Korean governments made last October to resume normal ties, it appears domestic electric car battery manufacturers are still feeling the brunt of China’s ill feeling, as the Chinese government once again excluded EVs equipped with South Korean batteries from its list [...]