Samsung SDI said today that it will invest 1.7 trillion won (1.3 billion US dollars) to build a new battery plant in Malaysia. It is expected to start mass production of cylindrical batteries in 2024, which can be applied in markets such as electric vehicles.
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Samsung SDI said that the factory will produce 21700 cells, that is, cylindrical cells with a width of 21 mm and a length of 70 mm, in order to meet the current demand for continuous growth.
This will be Samsung SDI’s second factory in Malaysia. In addition to Malaysia, Samsung SDI currently has factories in South Korea, China, and Hungary. In May this year, it also announced that it will cooperate with the automobile manufacturer Stellantis to establish the first American factory in Indiana, USA. Samsung SDI’s current EV battery customers include BMW, Ford, and Volkswagen.
According to the statistics of SNE Research, as of May this year, CATL’s battery market share is 33.9%, and it is firmly in the leading position; LG Energy ranks second, with a market share down 14.4%; the third is BYD, with a market share The rate was 12.1%, followed by Panasonic, SK Innovation and Samsung SDI.
