Samsung SDI, a leading manufacturer of secondary batteries, is planning a capital increase of 2 trillion won ($1.7 billion) to boost its competitiveness and accelerate growth. The funds raised will be used for investment in a joint venture with General Motors in the US, expansion of production capacity at a factory in Hungary, and investment in solid-state battery lines in Korea. Despite concerns about a slowdown in the electric vehicle (EV) market, Samsung SDI is confident in the mid- to long-term growth outlook for the EV battery market, which is expected to grow at an annual average of 20% from 2025 to 2030.
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Auto-posted at: 2025-03-16 21:55:17