Samsung SDI has begun investments into building its second electric vehicle (EV) battery factory at Goed, Hungary, TheElec has learned.
The second factory will be double in size of the first factory. It will make Gen5 batteries that will be made with new materials with high energy density and new production methods.
The South Korean battery maker has placed orders for equipment that will be used at the new factory. The first orders were placed in November. It has ordered mixing equipment and coaters.
The second factory will operate seven lines for materials and over ten lines for assembly.
It will have the capacity to produce 12 million cells per month when completed. The first factory has a production capacity of 6 million cells per month.
BMW, Audi and Volkswagen will use the batteries made in the second factory.
Samsung SDI’s investment into the second factory is expected help earnings of its equipment and material suppliers.
Electrode kit maker CIS and assembly equipment maker Philenergy will benefit from the investments. Formation equipment maker Hana Technology, which recently listed on KOSDAQ, is also positioned to benefit. Hana Technology is also the exclusive vendor of stacking equipment to Samsung SDI.
EcoPro BM will be supplying high-nickel NCA (nickel, cobalt and aluminum) cathode. Dongwha will supply the electrolyte. Metal can and cathode and anode terminal makers Shinheung SEC and Singsin EDP could also be up more supply.
Samsung SDI is planning to invest into its factory in Hungary up to 2030. It is planning to invest 1.2 trillion won.
