Ford Reveals All-Electric Explorer SUV For The European Market

More

New Kia Concept EV5 previews all-electric SUV for Chinese market

More

The Volkswagen ID. 2all previews sub-25,000 euros electric car

More

The Kia EV9 all-electric SUV revealed

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Samsung SDI invests $1.3 billion in cylindrical battery lines in Malaysia

Samsung SDI broke ground on a second battery production facility in Seremban, Malaysia. With a total of 1.7 trillion won (about US$1.3 billion) investment phase-by-phase until completion in 2025, Plant 2 at Samsung SDI Energy Malaysia (SDIEM) will start mass-production of PRiMX 21700 cylindrical batteries (21mm X 70 mm) in 2024.

Samsung SDI’s decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.

The batteries from the Plant 2 will be used in various applications ranging from electrical tools, micro-mobility to electric vehicles.

Established in 1991, SDIEM is the first overseas business entity of Samsung SDI.

The company started off with producing braun tubes in its early years before shifting to batteries in 2012.

The global cylindrical battery market is forecast to grow from 10.17 billion cells in 2022 to 15.11 billion cells in 2027, showing an annual growth rate of 8% on average, as demand expands from electrical tools, micro-mobility to electric vehicles and energy storage systems.

Jul 26, 2022Blagojce Krivevski
GM launches interactive EV learning platformEU: Battery Electric Vehicle Share Reached 10% In Q2 2022
You Might Also Like
 
Samsung SDI Shows Of EV Batteries and High-tech Materials in Detroit
 
Samsung SDI Unveils Innovative Battery Products at Detroit Motor Show
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

July 26, 2022 Electric Car NewsMalaysia, Samsung SDI
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Aptera Motors Receives First Fleet Order from SustainabilitySooner
March 26, 2023
Refrigerated Pharmacy Deliveries with Opel Vivaro-e and Vivaro-e HYDROGEN
March 25, 2023
Ford To Build Next Electric Truck – ‘Project T3’ – At BlueOval City
March 24, 2023
VIDEO: Experts from Electrify America, Hyundai, and BMW discuss taking EVs mainstream
March 24, 2023
Maserati GranTurismo Folgore Customers Will Use Bosch Charging Services
March 24, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Aptera Motors Receives First Fleet Order from SustainabilitySooner
March 26, 2023
Refrigerated Pharmacy Deliveries with Opel Vivaro-e and Vivaro-e HYDROGEN
March 25, 2023
Ford To Build Next Electric Truck – ‘Project T3’ – At BlueOval City
March 24, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.