Samsung SDI building battery plant in Hungary

samsung-sdi

Samsung SDI has decided to make Hungary its Li-ion battery production base in Europe, and will build a new battery plant north of Budapest on a 330,000-square-meter site, using an existing facility that the company built in 2001, and used to make cathode ray tubes.

Aiming to start commercial production in the second half of 2018, Samsung SDI plans to invest around 400 billion won ($358 million) to build production lines with an annual capacity of batteries for 50,000 EVs.

The new plant will provide the company with a production base close to the many European auto factories in Central and Eastern Europe, as well as to SDI Battery Systems, Austria (SDIBS), a battery pack producer that the company acquired last year.

“By launching construction for the plant in Hungary, we now can set up the global triangular production structure for electric vehicle batteries. We can especially provide higher quality services to European customers in Europe by generating synergy with SDIBS.” said Executive VP Jeong SehWoong.

SEE ALSO: Samsung SDI drops fuel cells, will concentrate on batteries

 

Source: Samsung SDI 

  • Matjaž Ciglar

    This is likely only test bed for Samsung… Samsung and other must increase proposed capacity for more than 100 fold to meet 2020 demand for EU only. After 2025 demand for batteries will probably go flat due to autonomous vehicles better utilisation.

    This transition will bring 100% increased load on existing electric grid. (additional 3 PW of consumption)
    Is EU electric grid capable to take such load? So electric generation must grow ludicrously fast. Electric prices will sky-rocket…