Samsung SDI has begun constructing its second battery production facility in Malaysia. The company says the plant, which is located in Seremban, will begin mass production of PRiMX 21700 cylindrical battery cells for power tools, micro-mobility applications and EVs in 2024. The company plans to invest 1.7 trillion won ($1.3 billion) in the production lines by the time the plant is finished in 2025.
Samsung SDI Energy Malaysia (SDIEM) will operate the plant. SDIEM is “the first overseas business entity of Samsung SDI,” according to Samsung SDI. “The company started off with producing braun tubes in its early years before shifting to batteries in 2012.”
Source: Samsung SDI