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 Xi’an plant has initiated its operation from September. The plant can produce batteries for approximately 40,000 full electric vehicles p.a . and has already finalised supply agreements with 10 local private and commercial battery companies , including bus manufacturer Yutong , leading truck manufacturer Foton , and Samsung SDI will invest $ 600 m in the plant until 2020 with the goal of achieving $ 1bn in sales .
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 produce batteries for approximately 40,000 full electric vehicles p.a . and has already finalised supply agreements with 10 local private and commercial battery companies , including bus manufacturer Yutong , leading truck manufacturer Foton , and Samsung SDI will invest $ 600 m in the plant until 2020 with the goal of achieving $ 1bn in sales .