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Samsung targets European EV battery market with latest move

Wed, 09/07/2016 - 12:41 -- Paul Crompton
Samsung targets European EV battery market with latest move

Battery maker Samsung SDI has begun construction of its lithium-ion plant in Hungary to supply the European electric vehicle market.

The South Korean firm new facility in Hungary will enable it to establish a triangular production structure along with existing plants in Ulsan, Korea and Xian, China.

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China bus battery subsidy ban causes share slump for Korean suppliers

Wed, 02/03/2016 - 14:21 -- Paul Crompton
China bus battery subsidy ban causes share slump for Korean suppliers

Korean battery giants Samsung SDI and LG Chem saw shares slump by 10% and 7.1% respectively on news that Beijing will remove subsidies for nickel manganese cobalt (NMC) batteries for electric buses.

“There has not been enough safety verification or product development for new energy electric passenger vehicles,” said China’s Ministry of Equipment Industry Secretary Zhang Xiangmu, who added China had begun research into the chemistry late and could ‘not be sure’ about NMC batteries.

The decision has surprised some.

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Samsung buys cell material division of its chemical affiliate

Wed, 09/16/2015 - 10:42 -- Paul Crompton
Samsung buys cell material division of its chemical affiliate

Samsung’s battery-making arm Samsung SDI is set to buy the cell material division of its chemical affiliate to bolster competitiveness in the sector.

Samsung SDI will take over the cell material unit of Samsung Fine Chemicals on September 16 in a deal worth US$15.9 million.

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Now tell me something we don't know……

Thu, 06/18/2015 - 11:26 -- Gerry Woolf
Now tell me something we don't know……

According to a new “Leaderboard report” from Navigant Research, LG Chem and Samsung SDI lead the Li-ion grid storage market in terms of strategy and execution.

"LG Chem and Samsung SDI, both based in South Korea, have market-leading businesses for the electric vehicle and consumer electronics markets, which has created a foundation allowing for economies of scale through manufacturing," says Anissa Dehamna, principle research analyst with Navigant Research. "Both companies have positioned themselves as global manufacturers and can offer consistently low prices for quality Li-ion cells."

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Samsung SDI buys Magna Steyr Li-ion battery pack business

Thu, 02/26/2015 - 16:42 -- Paul Crompton
Samsung SDI buys Magna Steyr Li-ion battery pack business

Lithium-ion battery company Samsung SDI Co. Ltd., has bought Magna Steyr’s battery pack business for an undisclosed fee.

The deal includes all of the Austrian company’s 264 employees, production and development sites and existing contracts of the business.

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Lithium battery prices down 30% in Asia - report

Fri, 08/08/2014 - 12:25 -- Editor
lithium batteries

The price of lithium-ion batteries for electric vehicles and energy storage systems (ESS) have fallen by a third in the past year, according to a report by Korea’s Electronic Times.

It reports the price of mid-to-large lithium-ion secondary battery cells dropped from $500-600/kWh last year to $350/kWh. In South Korea, said to be less competitive than the global market, batteries are traded at $400-500/kWh.

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Samsung SDI completes takeover of Cheil Industries

Tue, 07/01/2014 - 11:13 -- Editor
Samsung SDI

Samsung SDI finalised its takeover of electronic materials manufacturer Cheil Industries on 1 July.

On March 31, Samsung announced it would pay Cheil Industries’ shareholders 0.44 shares in Samsung SDI for each Cheil share held.

 

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Battery University in Silicon Valley

Fri, 02/22/2013 - 17:36 -- Ruth Williams

San Jose State University will be offering courses specifically designed for students who want to work with battery technology.

The University is partnering with Lawrence Berkeley National Laboratory and CalCharge to offer the professional programme of education at the University’s Charles W. Davidson College of Engineering, which feeds more graduate engineers into the Silicon Valley workforce than any other university.

California has over 40 battery-related companies working on energy storage solutions for electric vehicles, consumer electronics and the renewable energy storage sector.

The courses are offered in response to changing workplace demands in the high tech battery industry.

European Commission takes UK to court over VAT on energy-saving products

Fri, 02/22/2013 - 17:36 -- Ruth Williams

The European Commission is taking the UK to court over its reduced VAT rate on energy-saving products.

The UK charges 5% instead of the standard 20%. Under EU VAT rules, discounts are only allowed for social policy reasons, not environmental reasons.

In a statement, the European Commission said: "Member States themselves unanimously decided on the list of goods and services that could benefit from a reduced VAT rate, and they also insisted that this list be strictly applied, with no room for manoeuvre or interpretation. This is important to prevent competitive distortions in the Single Market and to ensure a fair and level playing field between all Member States."

The Commissions added economic studies showed reduced VAT rates "are often not the best way to achieve policy objectives" and direct subsidies could be more efficient.

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