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Latest Samsung SDI news

Here you will find the latest news and most recent developments on the Samsung SDI, with regular updates and all the information you need.

Samsung SDI 2022 profit reaches sky high, thanks to strong EV battery demand

  • By Sagar Naresh
  • 5 mins ago

Samsung SDI to construct new battery factory for BMW in Hungary

  • By Asif Iqbal Shaik
  • 2 weeks ago

Samsung’s profit nosedives 70% in Q4 2022 due to low chip, smartphone sales

  • By Asif Iqbal Shaik
  • 3 weeks ago

Smartphone brands could be forced to bring back removable batteries

  • By Sagar Naresh
  • 1 month ago

Samsung and BMW chiefs meet to discuss cooperation on EV batteries

  • By Sagar Naresh
  • 1 month ago

Samsung SDI achieves record-high profits in Q3 2022, thanks to robust EV battery sales

Samsung SDI, Samsung’s battery manufacturing business arm, reported its earnings for Q3 2022. The company said it achieved record-high operating profit in Q3 2022 as the demand for its secondary batteries, used in electric vehicles, soared. The company’s sales during the quarter ending September 2022 were around KRW 5.37 trillion (around $3.79 billion), a 56.1% jump […]

  • By Asif Iqbal Shaik
  • 3 months ago

Samsung SDI showcases latest battery tech for commercial EVs at IAA Transportation in Germany

While Samsung SDI has already joined hands with popular car manufacturers around the world, such as Volkswagen, BMW, and Stellantis, to supply batteries for their passenger electric vehicles (EVs), the company is also keen on supplying batteries for commercial EVs. To that extent, Samsung SDI is demonstrating its latest battery technologies for commercial electric vehicles […]

  • By Asif Iqbal Shaik
  • 4 months ago

Samsung SDI boss meets US officials to discuss its car battery joint venture with Stellantis

Last year, Samsung SDI announced that it is entering a joint venture with carmaker Stellantis to set up an EV battery plant in the US. Now, the South Korean firm’s officials met a delegation of officials from the US to discuss the joint venture further. Samsung SDI President and CEO Yoonho Choi met a delegation […]

  • By Asif Iqbal Shaik
  • 5 months ago

Samsung to spend $1.5 billion on EV battery manufacturing in Europe

Samsung seemingly has big plans for the electric vehicle market, and it should, given the looming 2035 ban on gas-powered cars. The Korean tech giant has become one of the major battery suppliers for the EV market, and the company plans to invest even more in the segment. Samsung SDI reportedly plans to make a […]

  • By Mihai Matei
  • 5 months ago

Samsung SDI establishes first EV battery R&D center in the United States

Samsung SDI has finished setting up its first research and development center in the USA. Located in Boston, the purpose of this new facility is to give Samsung a competitive edge in the electric vehicle battery market. This new development follows a similar announcement Samsung made earlier in the summer when SDI opened up a […]

  • By Mihai Matei
  • 6 months ago

Samsung SDI logs best-ever EV battery sales and operating profit in Q2

According to the latest numbers by Yonhap Infomax, Samsung SDI posted its best ever operating income and sales figures in the second quarter. This is all thanks to the robust EV battery sales and the world’s shift to electric vehicles. As per the report, the operating income reached KRW 429 billion (around $330.4 million) during […]

  • By Sagar Naresh
  • 6 months ago

Samsung confirms $1.3 billion plan for an EV battery factory in Malaysia

Several reports from earlier today suggest that Samsung is on an investment spree to expand its operations. Aside from the fact that the company plans to build nearly a dozen chip factories in the USA, Samsung just confirmed its new investment strategy for an EV battery manufacturing facility in Malaysia. We heard about Samsung SDI […]

  • By Mihai Matei
  • 6 months ago

Samsung to bolster production of EV batteries for Tesla, BMW

Samsung SDI has reportedly secured Tesla as a client for electric vehicle (EV) batteries. After prototyping 4680-type batteries for Tesla last year, Samsung went ahead and ran a pilot manufacturing line in Cheonan. The test results are in, and according to reports, Samsung is now ready to move on to the next step. The next […]

  • By Mihai Matei
  • 7 months ago

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 and specifications, was leaked. Now, more proof of the Galaxy Z Flip 4’s battery capacity has surfaced. Going by the new images, the Galaxy Z Flip 4 will be powered by two batteries (made by […]

  • By Asif Iqbal Shaik
  • 8 months ago

Samsung and Stellantis building $2.5 billion EV battery plant in Indiana

Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. Its clients for EV batteries include the likes of Hyundai and Rivian. Last year, the company announced a joint venture with Stellantis to make batteries for electric cars across its various brands. Stellantis owns some of the world’s […]

  • By Adnan Farooqui
  • 8 months ago

Samsung is developing stacked smartphone batteries inspired by electric cars

Samsung SDI’s experience in electric vehicle (EV) battery manufacturing could soon come into play for the mobile market. The company is reportedly planning to adopt the stacking technology used for EV batteries to manufacture smartphone batteries with increased capacities. Smartphone batteries use a so-called “flat jelly roll” design. However, switching to a stacked design similar […]

  • By Mihai Matei
  • 10 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 chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018. In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) […]

  • By Asif Iqbal Shaik
  • 10 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 presence felt in the industry. According to the latest report by The Korea Herald, Samsung SDI has begun building its own EV battery plant in the US to power electric vehicles. Notably, Samsung is setting up the EV […]

  • By Sagar Naresh
  • 11 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 giant’s battery-making arm, has published its quarterly results. The company’s net profit increased by 14.6% compared to Q4 2020, thanks to solid electric vehicle sales across the world. Samsung SDI’s Q4 2021 sales increased to KRW 3.81 trillion (around […]

  • By Asif Iqbal Shaik
  • 1 year ago

Samsung to build its first EV battery plant in the US

Following the rumors from earlier this week, Samsung has announced that it will enter the North American EV battery space by building its first battery plant in the US. The company has signed a joint venture with carmaker Stellantis for its upcoming battery plant. Samsung SDI will finally be able to better compete with its […]

  • By Asif Iqbal Shaik
  • 1 year ago
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