Regions :: China
Samsung SDI breaks ground on electric car battery plant in China
10:27 AM MDT | August 18, 2014 | Natasha Alperowicz
Samsung SDI (Seoul) broke ground today on its electric car battery production plant at Xian, China. The new factory will produce 40,000 units of battery cells annually and will begin production by October 2015. The company, in January, signed a memorandum of understanding with Anqing Ring New Group and real estate investor Xian to establish the joint venture Samsung ARN (Xian) Power Battery. Samsung SDI holds a 50% in the jv, which will invest a combined $600 million by 2020 and generate a revenue of $1 billion/year by then. China plans to have 5 million...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee