On 6 August, South Korean electric vehicle battery maker Samsung SDI is considering building a power battery gigafactory near Gdansk, Poland, according to local media report. The investment in the project would amount to €2bn. The final investment decision will be made at the end of this year.
SMM believes that in the current lithium-ion battery prices are low and demand growth is slowing down in the background, Samsung bet on the future of the European power battery market and counter-cyclical investment is possible.
LG Energy Solution has a large-scale battery factory in Poland, is currently the largest battery production base for Europe. Samsung SDI, also a Korean enterprise, once again choose Poland also makes sense.