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South Korean Battery Giants Samsung SDI and General Motors to Deploy LFP Battery Capacity in US

Published: Jun 3, 2025 18:37
[Two Major South Korean Battery Giants to Deploy LFP Battery Capacity in the US] Recently, Samsung SDI and General Motors agreed to introduce an LFP battery production line for EVs at their joint venture plant in Indiana by 2027. Originally, the plant was only planned to produce ternary lithium batteries with a nickel content exceeding 80%, but now it will produce both types. Previously, Samsung SDI announced that it would raise 2 trillion won (approximately 9.96 billion yuan) through the issuance of new shares to invest in factories and new technologies in the US and Europe. The company will issue 11.821 million common shares at a price of 169,200 won per share. Samsung SDI plans to use the proceeds from the capital increase to invest in its joint venture with General Motors in the US, expand the capacity of its battery plant in Hungary, Europe, and invest in its solid-state battery production line facilities in South Korea.

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