Preparing for increased market demand in the future, Samsung SDI will invest US$600 millioninto the Xi’an battery plant until 2020 with the goal of achieving US$1 billion 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 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 company said that this is the world’s largest lithium-ion battery manufacturing facility with capacity of more than 1 million EVs.