Korea Joongang Daily
Korea JoongAng Daily

Samsung SDI inks deal with Germany's Tesvolt on battery box technology

Samsung SDI signed a deal to provide its batteries to German energy storage system (ESS) manufacturer Tesvolt, the Korean battery maker said Wednesday. Samsung SDI will provide its Samsung Battery Box (SBB) container to Tesvolt by the end of June.

2025-06-11

'Korean version of IRA' for battery makers gets a jolt from Lee Jae-myung's win

Lee Jae-myung’s victory will likely bring Korea closer to revising tax laws favorable to battery companies, dubbed the Korean version of the Inflation Reduction Act (IRA), ending months of uncertainties for domestic battery manufacturers.

2025-06-04

Samsung SDI share issue signals hope for tariff-battered battery stocks

Samsung SDI expects to raise $1.21 billion from an oversubscribed rights issue to invest in its ventures and expand production.

2025-05-25

Samsung SDI cuts pricing of new shares by 17% amid tariff-driven sell-off

Samsung SDI on Monday slashed the pricing of its new share issue by 17 percent after its stock declined in a broad market sell-off sparked by concerns over potential U.S. tariffs.

2025-05-19

Chinese battery maker CATL’s new 'salt battery' puts Korean manufacturers on alert

Korean battery makers are on edge following Chinese battery giant CATL’s unveiling of a new sodium-ion battery — dubbed the “salt battery” — which could reshape global competition in the fast-evolving EV battery market.

2025-05-13

Samsung SDI wins Smarter E Award for power supply

Samsung SDI won a Smarter E Award for its U8A1 UPS, which enhances power output and reduces installation space, highlighting its innovation in the energy sector.

2025-05-07

Samsung SDI to exhibit battery products for EVs, energy storage at Munich trade show

Samsung SDI will showcase its battery products for EVs and energy storage systems (ESS) from Wednesday at a trade show in Munich, Germany, as the firm vies to secure overseas customers amid a slump in the battery market.

2025-05-06

Samsung SDI to showcase new high-density battery at 2025 Interbattery Europe in May

Samsung SDI will reveal the U8A1, the firm’s newest high-density battery used for uninterruptible power supply (UPS) devices targeting the AI data center market, at the 2025 Interbattery Europe exhibition in Germany from May 7.

2025-04-28

Samsung SDI's Q1 operating loss exceeds $278 million amidst U.S.-related uncertainties

Samsung SDI reported an operating loss of more than 400 billion won ($278.3 million) in the first quarter, hit by a temporary slowdown in electric vehicle demand.

2025-04-25

Samsung SDI receives the JLR Quality Award

Samsung SDI received the Jaguar Land Rover Automotive’s (JLR) JLR Quality Award, the company announced Thursday.

2025-04-24