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Korea Herald
28-04-2025
- Business
- Korea Herald
Samsung SDI to promote ESS battery products in Europe
Samsung SDI Co., South Korea's second-largest battery maker, said Monday it will promote its latest energy storage system battery products at a major European battery exhibition next month. Samsung SDI will take part in InterBattery Europe 2025, one of the key exhibitions under The Smarter E Europe -- the continent's largest energy industry event -- set to take place in Germany from May 7-9, the company said in a press release. At this year's show, the company plans to introduce a variety of next-generation batteries, with a special focus on its ESS technology designed for the emerging era of artificial intelligence. The products on display will include the U8A1, a new battery developed for uninterruptible power supply systems, and the Samsung Battery Box 1.5. A UPS is a crucial backup system that provides emergency power to facilities like data centers during outages. The SBB 1.5 boasts improved safety features by using enhanced direct injection technology, which sprays fire-extinguishing agents directly onto battery modules to prevent overheating and thermal spread. Samsung SDI is the only Korean battery company to be named a finalist for The Smart E Award at this year's event, the release said. The Smart E Awards honor innovative products and technologies across five categories: energy storage, electric mobility, solar energy, smart energy solutions, and outstanding projects. (Yonhap)
Korea Herald
31-03-2025
- Automotive
- Korea Herald
Samsung SDI begins supplying 46-series batteries to US customer
Samsung SDI Co., South Korea's second-biggest battery maker, said Monday it has begun supplying next-generation 46-series cylindrical batteries to a US company. Samsung SDI produces 4695 batteries, measuring 46 millimeters in diameter and 95mm in height, at its domestic plant and assembles them into modules at its Vietnamese plant for shipments to the US customer, the company said in a press release. The modules will be delivered to the unidentified American customer for use in micro mobility applications, it said. Samsung SDI has become the first South Korean battery maker to start supplying 46-series cylindrical batteries for overseas customers. It aims to take market leadership by expanding supplies of the 46-series batteries to electric vehicle makers. The company is "currently in talks" with major EV manufacturers for supplies of the cutting-edge batteries, the release said. Samsung SDI unveiled its 46-series battery lineup, composed of 4680, 4695, 46100 and 46120, at InterBattery 2025, the country's premier battery industry exhibition, held earlier this month. The global market for 46-series cylindrical batteries is expected to grow by an average of 33 percent annually to 650GWh in 2030 from 155GWh this year, according to market researcher SNE Research. (Yonhap)
Bloomberg
14-03-2025
- Business
- Bloomberg
Samsung SDI to Sell $1.4 Billion New Shares for Battery Plants
Samsung SDI Co. will raise 2 trillion won ($1.4 billion) selling new shares to fund investments in US and European facilities as well as new technologies, as the battery maker bets on long-term growth of the electric-car industry. The share sale plan will raise the South Korean company's total outstanding shares by 16.8%, according to a regulatory filing and an e-mailed statement. The new shares are expected to be sold at 169,200 won each, a 17% discount to the stock's Thursday close.
