In late May this year, South Korean battery maker Samsung SDI announced that it would invest more than US$2.5 billion (about 17.525 billion yuan) to manufacture batteries in Stellanitis, Indiana, the world’s fourth-largest automobile conglomerate. Will cooperate with America. Battery Factory. In late August, considering the implementation of the US Inflation Reduction Act, Samsung opened a joint venture factory in Indiana from late this year to early October. Recently the news has come that Samsung SDI will make another battery factory.
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According to a report, Samsung SDI recently held talks with Canada’s Minister of Economic Development, Job Creation, and Trade Victor Anthony Fedelli about building a battery factory in Ontario. According to local media, citing Minister Fedeli, the outcome of the talks has been positive, and he expects results soon. This means that Samsung SDI could build a battery factory in Ontario, Canada.
Samsung SDI’s board of directors confirmed plans to invest 2 trillion won to expand battery production capacity for electric vehicles in Hungary. It is expected that Hungary will have a battery production capacity of 1 million electric vehicles per year.
The 2 trillion Won invested in the European electric vehicle battery sector is said to be the largest single investment in history. Although Samsung SDI did not disclose specific investment projects, it is estimated that in the past two years, in addition to the mobile and ESS sectors, investments in electric vehicle batteries have been around 3 trillion won.
