SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung’s battery manufacturing arm to continue R&D investment to bag more orders

Business
By 

Last updated: August 31st, 2020 at 08:41 UTC+02:00

Samsung SDI will continue to invest more in research and development so that it can drive growth and bag more orders in the future. The company is expected to invest a total of $678 million in 2020 for R&D, its highest annual investment ever. Samsung’s battery-making unit is preparing itself for the electric vehicle era with its continued investments.

According to the company’s previous reports, Samsung SDI invested $424 million in 2017, $508 million in 2018, and $601 million in 2019. This indicates that the company’s investment for research and development rose 60% in just three years. Samsung SDI has already invested $347 in R&D this year, pointing towards a total investment to reach $678 million by the end of 2020.

The company wants to develop its electric vehicle battery business as the growth engine for the future. Most of its R&D investments have been used in the development of next-generation batteries for electric vehicles. It is preparing for the mass production of fifth-generation batteries that have 88 percent nickel content based on high-nickel cathode material. This battery offers longer range and lower cost compared to previous generation batteries.

Samsung SDI began drawing attention in the international industry in 2016 after it introduced a battery that offers up to 600km of range for electric cars. In 2017, it displayed a battery that provided a range of up to 500km after just 20 minutes of charging. Recently, the company has been busy developing solid-state batteries that are being considered as a game-changer. Samsung has been in talks with Hyundai to offer batteries for the automobile brand’s future electric cars.

The battery making firm also invested in the construction of a smart battery factory in Cheonan where sensors and AI mechanisms are used for improved control on the manufacturing process. Since 2017, when Jun Young-Hyun was appointed as the president, the company has emphasized technology management and to offer the best quality and safety in the industry.

 

Samsung SDI R&D Investments

 

Source Business Samsung SDI
Load 1 comments

You might also like

Galaxy Z Flip 4’s batteries get pictured, bring a major upgrade

Months before the launch, information about the Galaxy Z Flip 4 and the Galaxy Z Fold 4, including the design …

  • By Asif Iqbal Shaik
  • 1 week ago

Samsung and Stellantis building $2.5 billion EV battery plant in India …

Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. …

  • By Adnan Farooqui
  • 4 weeks ago

Samsung is developing stacked smartphone batteries inspired by electri …

Samsung SDI’s experience in electric vehicle (EV) battery manufacturing could soon come into play for th …

  • By Mihai Matei
  • 2 months ago

Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor ch …

  • By Asif Iqbal Shaik
  • 3 months ago

Samsung begins construction of a new EV battery plant in the US

As the world is moving towards greener technology for transportation, Samsung is also planning to make its pre …

  • By Sagar Naresh
  • 3 months ago

Samsung SDI profit rises 14.6% as EV car sales increase worldwide

Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech gian …

  • By Asif Iqbal Shaik
  • 5 months ago