The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Disgraced ex-minister's daughter says she feels proud, qualified as a doctor

  • 3

    Coupang reveals Asia's largest fulfillment center in Daegu

  • 5

    'Celebrity forests' emerge as new K-pop trend in Seoul

  • 7

    Tiger endures 3 years of solitary confinement in closed zoo

  • 9

    Netflix survival show 'Physical 100' attracts viewers with sweat, muscle and human story

  • 11

    Rescuers race against time as Turkey-Syria quake death toll passes 5,000

  • 13

    Ex-justice minister, daughter blamed for unrepentant attitude over academic fraud

  • 15

    SM founder Lee Soo-man returns home, in hospital to treat arm fracture

  • 17

    Seoul narrows in on new slogan

  • 19

    Korea to allow currency trading by offshore firms, extend market hours

  • 2

    Singer Lee Seung-gi to marry actor Lee Da-in in April

  • 4

    SM in internal feud over founder's exit from producing

  • 6

    Ex-gov't employee summarily indicted for alleged attempt to sell Jungkook's lost hat

  • 8

    Seoul city zeroes in on foreign residents' unpaid taxes

  • 10

    Korean Peninsula may face fallout from balloon saga

  • 12

    Peak Time: Survival show for lesser-known K-pop boy bands to hit air

  • 14

    INTERVIEW'Korea, US can create synergy in space industry': NASA ambassador

  • 16

    Apple confirms launch of Apple Pay in Korea

  • 18

    Chainsaw Fest set to rip apart Club SHARP

  • 20

    Korea opens metaverse platform for Korean-language learning

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Thu, February 9, 2023 | 08:17
Companies
Samsung's 1st US battery venture to go online in 2025
Posted : 2021-10-22 12:59
Updated : 2021-10-24 14:30
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
                                                                                                 Battery packs manufactured by Samsung SDI / Courtesy of Samsung SDI
Battery packs manufactured by Samsung SDI / Courtesy of Samsung SDI

By Kim Yoo-chul

Samsung SDI, the battery affiliate of Samsung Group, said Friday that its first joint venture (JV) in the United States will start production in the first half of 2025 at the earliest.

In a statement, Samsung SDI said that its battery JV, the result of a collaboration with Stellantis of the United States, will have an initial annual production capacity of 23 gigawatt per hours (GWh) and could increase to 40 GWh.

"The Samsung SDI-Stellantis battery JV will manufacture battery cells and modules. Regarding the location of the battery JV in the United States and its name, an announcement will be made once the review process is completed," Samsung said in its release. "Batteries to be manufactured from the JV will be supplied to Stellantis' factories in the United States, Canada and Mexico for use in its upcoming plug-in hybrid and pure electric vehicle (EV) models."

The Korean company was hoping that the JV will support Stellantis' goal of having more than 40 percent of its North American sales consist of EVs by 2030. At a recent EV event, Stellantis had named various U.S. brands slated to join its electrification drive. Stellantis owns the Jeep, Dodge and Ram brands in the U.S., among others.

                                                                                                 Battery packs manufactured by Samsung SDI / Courtesy of Samsung SDI
An aerial photo shot using a drone shows the Fiat Chrysler Assembly Plant near Belvidere, IL., the United States, Oct. 18. EPA-Yonhap


Samsung SDI said it recently signed a deal with Stellantis to construct the JV plant.

"Because Samsung SDI has been supplying EV batteries for Fiat's 500e and Jeep's Wrangler 4xe models, the agreement will help the two entities further strengthen their already solid partnership," it added.

The release came after Samsung's chief crosstown rival LG Energy Solution (LGES) said it had also signed an agreement with Stellantis to operate a separate battery JV in the United States, which will start production by the first half of 2024.

Investors are eyeing which type of batteries will be manufactured at the LGES-Stellantis and Samsung SDI-Stellantis factories. Sources said that the LGES-Stellantis JV is focusing on the production of pouch-type batteries, while the Samsung SDI-Stellantis JV will roll out rigid-type batteries.

But the Samsung statement did not say whether the batteries produced by the JV will be supplied only to Stellantis. Samsung SDI is also supplying batteries to EV maker, Rivian. LGES, for example, operates a battery JV with General Motors in the U.S. state of Ohio and recently announced a plan to build a second battery factory in the U.S. state of Tennessee.
Emailyckim@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1Korean Peninsula may face fallout from balloon saga Korean Peninsula may face fallout from balloon saga
2Turkey-Syria earthquake Turkey-Syria earthquake
3Daughter-centered photos, title of honor reinforce speculation over North Korea succession Daughter-centered photos, title of honor reinforce speculation over North Korea succession
4[INTERVIEW] 'Growth slowdown can accelerate depletion of retirement pension fund' INTERVIEW'Growth slowdown can accelerate depletion of retirement pension fund'
5SM's management dispute to benefit KakaoSM's management dispute to benefit Kakao
6National Assembly votes to impeach interior minister for Itaewon tragedyNational Assembly votes to impeach interior minister for Itaewon tragedy
7SM6 Feel attracts customers with popular options, low price SM6 Feel attracts customers with popular options, low price
8Philip Morris seeks to surpass KT&G in e-cigarette market Philip Morris seeks to surpass KT&G in e-cigarette market
9[INTERVIEW] Veteran US photographer gives environment 'visual voice' to chronicle climate change INTERVIEWVeteran US photographer gives environment 'visual voice' to chronicle climate change
10Korean companies move to support victims in earthquake-hit Turkey, SyriaKorean companies move to support victims in earthquake-hit Turkey, Syria
Top 5 Entertainment News
1Decoding success factors of NewJeans: How is it different? Decoding success factors of NewJeans: How is it different?
2SM in internal feud over founder's exit from producing SM in internal feud over founder's exit from producing
3The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design
4Peak Time: Survival show for lesser-known K-pop boy bands to hit air Peak Time: Survival show for lesser-known K-pop boy bands to hit air
5K-pop stars and dating K-pop stars and dating
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group