Electric car rivals plan €1bn ultrafast charging network

Thousands of stations to be installed across Europe by VW, Daimler, BMW and Ford


© FT Graphic / Chris Tosic

Samsung SDI launches construction of its plant for battery production in Hungary

  • The company decided Hungary as the third foothold, establishing a global triangular production structure along with plants in Ulsan, Korea and Xian, China
  • Aiming to start commercial operation in 2nd half of 2018, the company will invest around 400 billion won to build production lines with annual capacity of batteries for 50,000 pure electric vehicles
  • It is expected to reduce construction period and costs by utilizing existing plant infrastructure for PDPs…its location is ideal for prompt response  to demand from European automotive manufacturers, and enhancing logistic competitiveness and accessibility
  • Executive Vice President Jeong SehWoong said, “In the forthcoming electric vehicle era, we will enhance our capability to respond to customers in Europe.”

Find the full article on Samsung SDI website link click here