Samsung SDI showcased its cylindrical battery innovations at the 32nd China International Bicycle Fair, or China Cycle 2024, which kicked off in Shanghai on Sunday.
Samsung SDI reported a consensus-beating 267.5 billion won ($194 million) in operating profit for the first quarter of 2024, owing to steady sales of premium EV batteries despite sluggish market conditions.
Samsung SDI is unveiling a solid-state battery and an ultrafast charging system for EVs at the 37th Electric Vehicle Symposium & Exposition in Seoul this week.
Korean battery makers are trading lower Tuesday morning after Tesla announced massive job cuts amid declining sales.
Samsung SDI is considering building an independent EV battery factory in North America to ramp up production capacity and compete with rivals.
Domestic battery makers are all pursuing cheaper lithium iron phosphate batteries with a production goal of 2026 in bid to chip away at the market strength of China's CATL and BYD.
Samsung SDI unveiled its road map for mass production of a solid-state battery at the battery exhibition in Coex, southern Seoul.
Korean battery makers will showcase lighter, faster and longer-lasting battery technologies at InterBattery 2024.
Posco Future M broke ground on a high-cathode materials plant in South Jeolla that aims to produce 52,500 tons of NCA cathodes for EV batteries per year.
Samsung Electronics Executive Chairman Lee Jae-yong visited Samsung SDI’s battery production sites in Malaysia during the Lunar New Year holiday, adhering to the tradition of visiting Samsung’s overseas operations amid Korea’s major holidays.
Korea JoongAng Daily Sitemap