Report: Samsung SDI to expand power battery capacity in China

Published: Dec 06, 2018 10:35 (GMT+8)

Save

Samsung-ARN began the construction of the phase Ⅱ of its automotive battery project in Xi'an on Nov 29

Samsung-ARN, a joint venture established by Samsung SDI, Anqing Ring New Group (ARN), and Xi'an Gaoke Group, began constructing the second phase of its automotive battery project at the Hi-tech Industrial Development Zone in Xi'an, capital of Shaanxi province, on November 29.

With total investment of 10.5 billion yuan, the 160,000 m² plant will have five production lines that can produce 60Ah lithium-ion batteries.

In October 2015, the first phase of the power battery project entered production, with annual capacity of 3.6 million battery cells.

Battery Automotive power battery Electric vehicles

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

Magnesium Market Downtrend Continues, Cautious Sentiment Prevails with Widespread Wait-and-See [SMM Magnesium Ingot Spot Report]

[Magnesium market decline continues, cautious sentiment prevails with widespread wait-and-see] Fugu magnesium ingot mainstream quotations at 15,250-15,350 yuan/mt, FOB quotations at $2,160-2,260/mt. Market sentiment remains subdued, with sluggish transactions suppressing a rebound. Magnesium prices are expected to stay weak in the short term.

10 hours ago

13 hours ago

Major East China Smelter Successfully Sells Several Tonnes of Crude Selenium in Public Auction

SMM News, October 14: According to official sources from a major smelter in East China, several metal tonnes of crude selenium offered for public sale recently were successfully sold today. SMM understands that the official party declined to disclose the identity of the winning buyer, but stated that the final transaction price was slightly below RMB 145,000 per tonne. The achieved price remains in line with prevailing market levels, and the tender outcome was within market expectations.

13 hours ago

[SMM Chromium Flash] Tharisa’s Average Chrome Price Slips to $285/t in Q4 as FY2027 Guidance Holds at 1.50-1.65 Mt

Tharisa reported an average metallurgical-grade chrome concentrate price of US$285/t on a 42% basis in the fourth quarter of its 2026 financial year, down 6.9% from US$306/t in the third quarter. The FY2026 average was US$290/t, up 9.0% from US$266/t in FY2025. CEO Phoevos Pouroulis said the pricing environment was materially stronger than in the prior year. The PGM basket moved in the same direction. The average PGM contained-metal basket price was US$2,535/oz in the fourth quarter, down 5.4% from US$2,681/oz in the third quarter. The FY2026 average was US$2,607/oz, against US$1,615/oz in FY2025. For FY2027, Tharisa guided chrome concentrate production of 1.50-1.65 Mt and PGM production of 150,000-170,000 oz on a 6E basis, reflecting production from the Tharisa Mine only. The chrome range is unchanged from FY2026 guidance, and FY2026 output of 1.56 Mt fell within it.

13 hours ago