Battery maker Samsung SDI confirmed that it will build its first battery cell and module factory in North America in a joint venture with multinational automaker Stellantis.
Battery maker Samsung SDI and multinational automaker Stellantis agreed to form a joint venture to build an electric vehicle battery factory in North America -- similar to a deal announced Monday by LG Energy Solution.
Battery maker LG Energy Solution and automaker Stellantis are forming a joint venture to produce battery cells and modules in North America.
Samsung SDI confirmed plans to build its first electric vehicle battery plant in the United States during a conference call with analysts Tuesday.
Global investment banks are warning that Korean battery maker shares are overvalued.
Samsung SDI, a battery maker 19.8 percent owned by Samsung Electronics, enjoyed a surge in profit during the first three months, driven by robust demand for electric vehicles and the growing energy storage system (ESS) business.
SK Innovation said Tuesday it is not considering selling its Georgia facilities to LG Energy Solution, even if it is forced to pull out from the U.S. electric vehicle (EV) battery market.
Beyond the grandiose directions presented by Korea’s largest business groups, key affiliates and other companies mapped out their own strategies for this year with focuses ranging from mergers and acquisitions to environmental sustainability.
Samsung SDI, Samsung’s battery manufacturing affiliate, reported a 10.7 percent increase in net profit for the third quarter over a year earlier, buoyed by growing demand for electronic vehicle (EV) batteries.
Shortcut clears up the basic facts on an issue so that we’re all on the same page in the future. This article will talk about electric vehicle batteries and the competition of Korean companies surrounding it.