SEOUL, Sept. 30 (Korea Bizwire) — Volkswagen’s diesel emission scandal is showing no signs of a letup, even whacking other automakers, but there is one bright point: electric vehicle (EV) battery makers. South Korean EV battery makers led by LG Chem Ltd. are poised to benefit from the diesel emission fiasco as demand for vehicles [...]
SEOUL, Sept. 16 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, will sell its plug-in hybrid vehicle batteries to British luxury automaker Bentley, industry sources said Wednesday, expanding its overseas portfolio in the mid-sized battery business for electric cars. The Bentley Bentayga, its first-ever plug-in hybrid Sport Utility Vehicle [...]
SEOUL, Sept. 15 (Korea Bizwire) – Samsung SDI, the battery-making unit of Samsung Group, will expand its foothold in the electronic vehicle (EV) market in Europe by participating in the Frankfurt Motor Show that kicked off today. Samsung SDI announced that it joined the 2015 International Motor Show (IAA) in Frankfurt as a supplier of batteries for [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., the battery-making arm of South Korea’s top conglomerate, Samsung Group, said Friday it will buy the cell material division of its chemical affiliate, in a move to bolster competitiveness in the sector. Samsung SDI will take over the cell material unit of Samsung Fine Chemicals Co. [...]
SEOUL, Aug. 26 (Korea Bizwire) – At a recent bicycle fair, Samsung SDI unveiled various E-bike battery products including a battery pack enabling riders to cycle up to 100km on a single charge. On August 26, Samsung SDI, the global leader in battery cells, announced that it showed off its advanced Li-ion battery products for e-bikes [...]
SEOUL, Aug. 13 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, said Thursday it will work with Audi AG to produce the power pack for the German automaker’s new electric-powered sport utility vehicle (SUV), as it moves to expand into the automotive business. The two companies have signed a [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, April 3 (Korea Bizwire) — Samsung SDI has developed an energy-saving, blackout-proof power source, and has been testing the system at its Uiwang R&D Center since April 1. The new system is called UES, a hybrid between an Uninterrupted Power System (UPS) and an Energy Storage System (ESS). Samsung SDI has combined the two [...]
SEOUL, April 1 (Korea Bizwire) — Samsung C&T Corporation and Samsung SDI have changed their conditions for selling their shares in Samsung General Chemicals to Hanhwa Chemical in a bid to reduce any related risks. The three companies have confirmed the changes through a corrective disclosure on March 31. Initially, Samsung C&T Corporation and Samsung SDI were [...]
SEOUL, March 1 (Korea Bizwire) – Samsung SDI, one of the leading providers of electronic materials in the world, is expected to provide battery packs for BMW‘s upcoming X5 plug-in hybrid SUV, industry sources said Sunday. Local industry insiders and IHS, a global market researcher, speculated that the recent purchase of Magna Steyr’s battery pack division [...]