Samsung SDI To Build $358 Million Battery Factory In Hungary

SEP 10 2016 BY ERIC LOVEDAY 19

Samsung SDI lithium-ion batteries

Samsung SDI lithium-ion batteries

South Korea’s Samsung SDI has announced plans to invest nearly $400 million to construct a lithium-ion battery factory in Hungary.

This site will be mainly responsible for fulfilling battery demand in Europe and Asia.

As Reuters reports:

“Samsung SDI, whose customers include BMW, said on Tuesday that the proposed factory near Budapest would start production in the second half of 2018 and it would be able to produce batteries used for 50,000 pure electric vehicles (EVs) annually.”

Hungary was chosen due to its proximity to several automotive factories in the area.

For Samsung SDI, the Hungarian factory adds to its locations in South Korea and China. Rival LG Chem will soon build a factory in Poland to satisfy European demand, so Samsung’s move into Hungary keeps it on pace with its closest rival.

Source: Reuters

Categories: Battery Tech, General

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19 Comments on "Samsung SDI To Build $358 Million Battery Factory In Hungary"

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If you build it, they will come…

Glad to see more battery factories, they will be needed very soon.

Thanks Tesla.
None of these technologies were taken seriously until Tesla.
No one was going to build a large battery factory ( Panasonic ).

+100

Actually EPA, CARB and other organizations around the world creating mandates has forced the issue. Tesla is a mere drop in the bucket.

+1000. The effects of these GOs, including the EU and China, cannot be overstated. Add in VW’s emissions scandal and you have 90% of the cause. Nobody wants to copy Tesla and their three billion dollar cumulative loss. That’s not rational. If anything, Tesla’s money pit scares automakers away from EVs.

Bob Lutz on launching the Volt program: “That tore it for me. If some Silicon Valley start-up can solve this equation, no one is going to tell me anymore that it’s unfeasible.”

Seriously? The Volt? It’s not even an EV!

I think Tesla is important. But not as important as CARB. Regulators could and should have done much more much sooner though, so in moral terms you could perhaps say Tesla wins. Then again spotting business opportunity needn’t have anything to do with morality – even if that’s a good selling point.

Tesla have an annual loss because they are starting out. They have to pay for a literally everything that the other manufacturers have had for years and have long since paid off. Others manufacturers won’t have their problem, their factories, assembly lines and all their equipment are already in place and has already been paid for. They could make an EV profitably, and so will Tesla once their Model 3 is up and running and their footprint can be paid for.

the biggest problem facing tesla is probably lack of volume. right now, tesla is in a pretty bad place: they are in between the high volume manufacturers who sell most of their volume at lower prices and the boutique manufacturers that sell low volumes at astronomical prices.

tesla appears to be modelling its pricing structure after mercedes-benz and bmw. to that extent, the tesla strategy is apparently that the model 3 will be equivalent to the benz c-class/bm 3-series. tesla is using a different drive technology, so there may be questions about how quickly tesla can achieve c-class/3-series sales levels. the focus on china does sound like a good idea. tesla sales in china don’t seem to be very good, but tesla may have better success getting quicker adoption of a bev in china than the might get in the US.

You do know Tesla has annual revenue of USD1.5b, don’t you?

Dieselgate is almost irrelevant in the transition to EVs as, were it not for Tesla shaking things up, petrol engines will simply become the norm again.

It is 100% Tesla that has forced this sea-change in the automotive world and if you can’t see that, you are *utterly* deluded.

Bu I would say that being a shareholder and ‘believer’ (and avid, long-term EV driver/owner).

Note that CARB delayed the requirements over and over until “the market was ready”. How do you know when the market is ready? When Tesla starts moving 1000s of 70k luxury cars and kicks the whole luxury segment into gear.

theflew said:

“Actually EPA, CARB and other organizations around the world creating mandates has forced the issue. Tesla is a mere drop in the bucket.”

On the contrary, CARB tried to force the issue circa 1999, when the best any auto maker could do was the GM EV1 test market car. CARB’s initiative failed because the tech was not ready.

Tesla has pushed forward the cutting edge of the EV revolution far more than any other company. If it wasn’t for Tesla, it’s doubtful that any auto maker would yet be building a truly mass-produced PEV (Plug-in EV), and mass produced 200+ mile BEVs would still be science fiction.

Without Tesla, probably the best we’d see today is a wholly impractical, extremely expensive “punishment car” PHEV in very limited production. The VW XL1 (base price $146,000) is a perfect example.

That factory will produce the 120 Ah cells, i3 could get 44 kWh.

They have 120ah cells today…
Hopefuly they will have better ones in 2 years when the plant opens…

Well, they do and they don’t. They have the chemistry, but they don’t produce the cells. Nobody can order them from Samsung SDI today. And the launch isn’t planned until 2019.

Countries that bet on EV battery factories now will have jobs for their people for years to come. The spin off jobs as well with construction, transport etc.

when they say that they will produce batteries for 50,000 bev’s annually, how many batteries would be produced?

50,000

If you mean cells, probably about 200 times that number. Maybe a bit less as some of it may be for short range city cars.

I hope Samsung also starts building Electric cars since they already manufacture cars in tie up with another company.

This will help them compete with Apple’s i-Car.