31 May '17, 6am

Samsung SDI Completes EV Battery Plant Construction in Hungary

Samsung SDI Completes EV Battery Plant Construction in Hungary

Samsung SDI hosted a completion ceremony for the state-of-art electric vehicle battery plant scheduled to open in second quarter of 2018 in Hungary. Sitting on a 330,000 square-meter site in Goed, 30 kilometers north of Budapest, the plant is capable of producing batteries for 50,000 electric vehicles annually with operations expected to begin in the second quarter of next year. The company will be able to not only save logistics costs, but also improve customer service in Europe. Samsung SDI’s former plasma display panel (PDP) plant has been transformed into a plant equipped with state-of-art technology of Samsung SDI to produce high-power and high-efficiency EV batteries. Through construction of Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, South Korea and Xian, China. Europe is leading the global EV market...

Full article: http://electriccarsreport.com/2017/05/samsung-sdi-complet...

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