Samsung SDI breaks floor on RM5.8 billion battery plant in Seremban, Malaysia; manufacturing to begin 2024
Battery producer Samsung SDI has damaged floor in Seremban, Negeri Sembilan the place it should construct a plant for the manufacturing of cylindrical batteries that may go into electrical automobiles, the corporate introduced right this moment.
The producer will make investments 1.7 trillion gained (RM5.8 billion) within the battery plant in levels till it’s accomplished in 2025, with mass manufacturing of batteries at Plant 2 of Samsung SDI Power Malaysia (SDIEM) to begin in 2024. In keeping with a joint assertion launched by the Malaysian Funding Growth Authority (MIDA) and SDIEM, the cumulative funding totals RM7 billion over two phases.
Batteries produced right here can be utilized in numerous purposes together with electrical instruments, micro-mobility and electrical automobiles, Samsung SDI stated in its assertion. Development of the second Samsung SDI battery plant was pushed by rising demand for cylindrical batteries, the corporate stated.
The trial manufacturing battery in Cheonan was to be the 4680 battery cell, denoting its 46mm diameter and 80 mm size dimensions. The battery that can be mass producted in Seremban, Malaysia would be the PRiMX 21700 battery, which is 21 mm in diameter and 70 mm lengthy.
“In the present day’s groundbreaking ceremony will function a place to begin for realising our imaginative and prescient to turn out to be a worldwide top-tier firm by 2030. With profitable completion and early stabilisation of Plant 2, we are going to make SDIEM the centre of the worldwide battery trade,” stated Samsung SDI president and CEO Yoonho Choi.
Samsung SDI has manufacturing services in Malaysia, South Korea, China, Austria and Hungary. Its automotive shoppers embrace BMW, Ford, Volkswagen and extra, in accordance with Reuters.