Samsung SDI to invest USD872 million in EV battery business – report
Includes USD849 million in rechargeable and storage battery, major focus on EVs
Samsung SDI plans to invest about KRW1 trillion (USD872 million) this year for expanding its existing facilities and build new ones in Europe, reports Pulse News. The investment includes a capital injection of KRW974.6 billion (USD849 million) into rechargeable and storage battery, with major focus on electric vehicles (EVs).
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