Samsung SDI held a completion ceremony for its new EV battery plant was held at Gaoxin Industrial District within Xi’an, Shaanxi Province of China. Samsung SDI is the first global battery manufacturer to construct an EV battery plant and initiate mass production in China.
The Xi’an plant has initiated its operation from September. It has finalized battery supply agreements with 10 local personal and commercial vehicle companies and is already delivering. Some of these companies include bus manufacturer Yutong and leading truck manufacturer Foton.
The finalized Samsung SDI Xi’an Plant can manufacture batteries for approximately 40,000 full electric vehicles per year. The plant is capable of producing cells and modules. Preparing for increased market demand in the future, Samsung SDI will invest US$600 millioninto the Xi’an battery plant until 2020 with the goal of achieving US$1 billion in sales.