Samsung SDI CEO Cho Nam Seong (Sixth from left in front row), Shaanxi Province Vice Governor Jiang Feng (Fifth from left in front row), Samsung China President Jang Won Ki (Third from right in front row) are cutting the tape at the completion ceremony for the Samsung SDI Xi'an EV battery plant.
Samsung SDI opened a new lithium-ion battery cell plant in China calling itself the 1st global battery company to construct an EV battery plant in China.
The completion ceremony was held on October 22 at Xi’an, Shaanxi Province of China.
Battery production plan is for 40,000 EVs, which doesn't tell us much about kWh per EV, but for sure it could be 0.5-1 GWh or more annually.
The new plant has been operational since September with around 200 employees. Total investment in phases will be $600 million, while the sales target is $1 billion by 2020.
"In order to acquire the dominance and leadership in Chinese EV market, Samsung SDI became the first global battery manufacturer to construct an EV battery plant and initiate mass production in China.
The Xi’an plant has initiated its operation from September. It has finalized battery supply agreements with 10 local personal and commercial vehicle companies and is already delivering the goods. Some of these companies include Yutong, the leader of China’s and also the world’s bus industry and then Foton, the leader of China’s truck industry.
The finalized Samsung SDI Xi’an Plant is a cutting-edge production line that can manufacture high-performance electric vehicle (in standard of pure EVs) batteries for an amount of approximately 40 thousand cars a year. The plant is capable of carrying out the whole production process of EV battery cells and modules. Preparing for increased market demand in the future, Samsung SDI will invest – by adding production line, etc. – 600 million USD into the Xi’an battery plant until 2020 and aim to achieve 1 billion USD in sales."
Samsung SDI CEO Cho Nam Seong said in his welcoming address:
“Xi’an is a starting point of Silk Road and is also a focal point of China’s One Belt, One Road initiative.” He added, “To go hand in hand with China’s time-honored tradition and future development strategy, we will bring up Xi’an plant to become the world center of EV battery industry.”
Anqing Ring New Group Chairman Pan Yi Xin said:
“By integrating our expertise in the automotive business with Samsung SDI’s advanced technical capability, we will promote Xi’an Plant as the number one production base of EV battery.”
Samsung SDI's lithium-ion batteries