Samsung SDI

Kokomo, Indiana, may not be the location the Beach Boys were singing about, but its definitely the current tune of both Stellantis and Samsung SDI, as the two announced a joint venture to build a US EV battery plant there. Together, the global automaker and battery manufacturer will invest over $2.5 billion to bring a slew of new EV jobs to Kokomo and its surrounding areas.

New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.

Rivian announced today that Samsung SDI is going to be supplying the battery cells for its electric pickup truck and upcoming electric vehicles.

The Korea Herald reports that pre-pandemic shortages of battery supply, which caused delays for European automakers, have been made worse by the global crisis. The situation became urgent enough for the Polish government to waive travel restrictions, allowing 200 LG Chem technicians to resume expansion of its battery gigafactory in Wroclaw.

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Volvo Group and Samsung SDI have entered a new strategic alliance that focuses on the development and supply of batteries for Volvo’s electric trucks.

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The Volkswagen group is in the midst of securing a massive amount of battery cell supply to support its ambitious electric vehicle push, but one of its suppliers apparently can’t deliver.
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Jaguar is planning to launch new electric vehicles and it could be in a much bigger way than with the new I-Pace.

The British automaker has reportedly signed an important 5 GWh cylindrical battery cell contract with Samsung for upcoming electric vehicles.
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A week after Tesla and Panasonic announced the start of mass production of their ‘2170’ battery cell, which they claim will have the highest energy density and be the cheapest mass-produced cell available, Samsung SDI unveiled its own battery cell with the same format at the North American International Auto Show (NAIAS) 2017 and also a new prismatic cell.
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While Tesla is certainly leading the way in increasing the global battery production capacity with its 150 GWh ‘Gigafactory’ in Nevada, some established battery manufacturers are also increasing their capacity. Now Samsung SDI announced its own large battery factory in Hungary.
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A new research report from Lux Research looked into the projected growth of the battery sector for electric vehicles (BEVs and PHEVs) and concluded that the market will rise to $10 Billion in 2020 with six large carmakers led by Tesla accounting for 90% of the demand.
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Last week, we reported on Tesla starting to take delivery of important quantities of battery cells from a new supplier: Samsung SDI. At the time, we contacted Tesla to know what the cells will be used for, the company declined to comment, but we speculated that it could be used for ‘Tesla Energy’ products.

Now prompted by a Reuters report yesterday citing Samsung SDI sources claiming that they are in negotiation with Tesla to supply batteries for its cars, Elon Musk has confirmed that Panasonic will be exclusively supplying cells for the Model 3, S and X.
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While Panasonic has been Tesla’s longtime partner for battery cell supply, the automaker confirmed last year that for the first time it approved a cell from another manufacturer, LG Chem, but only for a small contract for its Roadster 3.0 upgrade. Now we learn that Tesla started taking delivery of much larger quantities of battery cells from yet another supplier: Samsung SDI.
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Tesla often said that the Model 3’s $35,000 price tag was dependent on the company achieving its battery cost reduction goals at the Gigafactory. Recently, Tesla officials said that the Gigafactory should no longer be seen as a constraint in the Model 3 supply chain and that the company is confident in its capacity to start producing battery cells.

The factory was first presented as having a full annual output capacity of 35 GWh of battery cells and 50 GWh of battery packs – with the difference in cells being imported from other manufacturers, like Tesla’s Gigafactory partner Panasonic, but also other possible cells suppliers.

Now it looks like Tesla is looking to South Korea to diversify its battery cell supply chain for the Model 3.
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Samsung has acquired the battery pack business of leading automotive parts supplier Magna International. The move, according to a statement from the companies, will “enhance Samsung SDI’s capabilities in batteries for electric vehicles.”

While Samsung producing batteries and energy storage solutions for vehicles isn’t exactly new—it already supplies batteries for Tesla and others—there is an Apple Car connection in its latest acquisition…
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