Saturday, November 18, 2017
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon Signs Deal with NFL: report
Microsoft Offers Discounted Games for Xbox Live Gold Members, Sony Unveils PlayStation Deals
Apple HomePod Smart Speaker Won't Be an Option For Holiday Shopping
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
Broadcom Completes Acquisition of Brocade
Tesla Roadster Electric Supercar Accelerates to 60mph in 2.2 sec
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 26, 2016
Samsung SDI to Invest In Automotive Battery Business

Samsung SDI Co. plans to invest total 3 trillion won ($2.5 billion) for the next five years in its automotive battery business and add a production base in Europe.

The materials and energy solution unit of Samsung Group said Monday its shareholders approved to spin off its chemicals business as of Feb. 1 in an extraordinary shareholders’ meeting. The chemical entity is named SDI Chemical, whose entire stake is currently owned by Samsung SDI. Lotte Chemical Corp. aims to buy a 90 percent stake in SDI Chemical and complete the buying process before June by getting approval from the Fair Trade Commission (FTC) for the buyout.

Cho Nam-seong, Samsund SDI president, vowed to invest total 3 trillion won on its automotive battery business by 2020 - 600 billion won for each year - to turn it into a global leader in the industry. He added that the company will also build a production base in Europe, using fund from the sale of its chemicals business. It currently runs production bases in Korea and China.

Sony Buys Altair Semiconductor In IoT Push        All News        Sony Brings PlayStation and Network Services Under Sony Interactive Entertainment LLC
Sony Buys Altair Semiconductor In IoT Push     General Computing News      Spotify To Start Streaming Videos To Android Users

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Lithium-air Battery Has Twice The Capacity of Li-ion Technology
Samsung SDI Showcases New '21700' Cylindrical Battery With 50 percent Bigger Capacity
Samsung SDI Introduces Battery Technology Advancements for Electric Vehicles
Samsung SDI Showcases Powerful ESS Products At Energy Storage Europe
Samsung SDI Presents Fast Charging Battery That Enables Electric Vehicles to Drive 600km
Samsung SDI to Supply Batteries To Lucid Motors
Samsung SDI To Supply Batteries For Tesla’s Energy Storage System
Samsung SDI Showcases New EV Battery Prototype
Samsung SDI Showcased New Bendable Battery For Wearables
Samsung SDI Buys Magna 's Battery Pack
Samsung SDI and LG Chem Showcase Advanced Batteries
Samsung Display to Invest In New Plant

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .