Samsung SDI
Canvas Category OEM : Electrical Equipment
Based on two pillars of green energy and cutting-edge materials, Samsung SDI manufactures and distributes rechargeable batteries used for electric vehicle, IT, Energy Storage System (ESS), as well as materials for semiconductors and displays. All members of Samsung SDI are constantly working to become the true the No.1 Company via ‘Super-gap’ technological competitiveness, superior quality, and qualitative growth that prioritizes profitability. Members of Samsung SDI are doing our utmost effort to enhance shareholders value by exercising social responsibility in environment and safety through ESG management and strengthening social contribution and mutual cooperation. We would like to ask your continued interest and support to our journey of becoming the true No.1 in green energy and cutting-edge materials.
Assembly Line
General Motors and Samsung SDI Plan to Invest More than $3 Billion to Expand U.S. Battery Cell Manufacturing
General Motors Co. (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026. The plant will have more than 30 GWh of capacity and will bring GM’s total U.S. battery cell capacity to about 160 GWh when it is at full production. The companies plan to jointly operate the facility, and it is projected to have production lines to build nickel-rich prismatic and cylindrical cells.
Gigaprofits: 'batteries not included'
The majority of cell manufacturers have a net profit margin in the 2-3% range. Pureplay gigafactories CATL, EVE, and Samsung SDI have higher margins in the 8-10% region. Companies tend to trade profit margins for revenue on an individual basis, (for example Sunwoda, BYD, Gotion), perhaps reflecting the price competitiveness between these large high-tier cell producers.