Shulou(Shulou.com)11/24 Report--

CTOnews.com, August 24, according to ETNews, Samsung SDI's board of directors finally confirmed the plan to invest 2 trillion won to expand the battery capacity of electric vehicles in Hungary, which is expected to have a battery production capacity of 1 million electric vehicles per year.

According to industry insiders, in addition to expanding the Hungarian plant, Samsung will expand its production capacity to 60GWh / year in the second half of next year. 60GWh's production will enable it to install large-capacity batteries for more than 1 million electric vehicles. Compared with the current production capacity of Hungarian factories, output is likely to increase by 70-80%.

Samsung SDI will make further large-scale overseas investment according to the future market conditions. Last year alone, battery investment in all areas such as electric vehicles, information technology (IT) and energy storage systems (ESS) reached about 2 trillion won.

The 2 trillion won invested in electric vehicle batteries in Europe is said to be the largest single investment in history. Although Samsung SDI did not disclose specific investment projects, it is estimated that in the past two years, apart from the mobile and ESS areas already implemented, the investment in electric vehicle batteries is close to 3 trillion won.

CTOnews.com learned that the investment was seen as a shift in Samsung's SDI strategy, which prioritizes profit-oriented growth. In the second quarter of this year, Samsung SDI made a record profit, with an operating profit of more than 400 billion won. The company takes the high value-added electric vehicle battery brand "PRiMX" as the core to expand the electric vehicle battery business. The operating profit margin in the first half of this year was 6%, the highest level in South Korea's battery industry.

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