The company has finalised battery supply agreements with 10 local and commercial vehicle companies. Some of these include Yutong, the leader of China’s bus industry and Foton in the truck sector, Estimated battery production is for around 40,000 EVs per year.
As we reported last week, Samsung SDI recently announced it has completed the construction of its latest battery plant in China. The new facility will be able to produce batteries for Samsung’s upcoming Galaxy S8 and Note 8, which are expected to launch later this year.