Samsung SDI opens EV battery plant in China
Samsung SDI held a completion ceremony for its EV battery plant at Gaoxin Industrial District within Xi’an, Shaanxi Province of China.
The new plant initiated operations in September and is estimated to produce batteries for around 40,000 electric vehicles a year. Samsung plans to invest US$600 million in phases to achieve 1 billion in sales by 2020.
Samsung has finalised battery supply agreements with 10 local personal and commercial vehicle companies, including bus manufacturer Yutong and truck manufacturer Foton.
The plant is capable of producing EV battery cells and modules.
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