Samsung confirms $1.3 billion plan for an EV battery factory in Malaysia

Business

Several reports from earlier today suggest that Samsung is on an investment spree to expand its operations. Aside from the fact that the company plans to build nearly a dozen chip factories in the USA, Samsung just confirmed its new investment strategy for an EV battery manufacturing facility in Malaysia.

We heard about Samsung SDI possibly wanting to build a new factory in Malaysia last month. There were no details on the scope of the operation, but today, Samsung SDI confirmed the above and revealed that it wants to invest $1.3 billion in the new factory. (via Reuters)

Samsung will construct the $1.3 billion facility in the region of Seremban. The facility will manufacture cylindrical batteries for electric vehicles. Samsung SDI expects the factory to be completed in 2025, although it could begin production — presumably in a limited capacity — in 2024.

Building batteries for the top EV makers

Samsung is reportedly developing two cylindrical battery types. And last month, it was said that the Korean tech giant wants to increase its manufacturing capacity from 20 PPM to 200-300PPM. The new facility in Malaysia will be instrumental in achieving this target.

According to previous reports, Samsung will leverage its increased production capacity for cylindrical batteries to secure clients like Tesla and BMW. The company also supplies cameras to Tesla and will reportedly sell millions of OLED panels to BMW for a high-end sedan.

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Mihai Matei - Senior Editor

[email protected]

First Samsung device: SGH-A800

Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.

Business General Malaysia Samsung SDI

samsung galaxy s23 android 15 one ui 7.0 beta update notice in samsung members app

Samsung confirms $1.3 billion plan for an EV battery factory in Malaysia

Building batteries for the top EV makers

Mihai Matei - Senior Editor

[email protected]

First Samsung device: SGH-A800

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