This week Samsung SDI held a completion ceremony for its new electric vehicle (EV) battery plant in the Shaanxi Province, making it the first global battery manufacturer to construct an EV battery plant and initiate mass production in China. The company said that this is the world’s largest lithium-ion battery manufacturing facility with capacity of more than 1 million EVs.
This week Samsung SDI held a completion ceremony for its new electric vehicle (EV) battery plant in the Shaanxi Province, making it the first global battery manufacturer to construct an EV battery plant and initiate mass production in China. The plant can manufacture batteries for approximately 40,000 full electric vehicles p.a. and has already finalised supply agreements with 10 local private and commercial vehicle companies, including bus manufacturer Yutong, leading truck manufacturer Foton, and Samsung SDI will invest $600m in the plant until 2020 with the goal of achieving $1bn in sales.