Samsung SDI breaks ground for US$1.3 billion battery factory in Seremban

The factory will be Samsung SDI's second in Malaysia, with the first making cylindrical batteries for electric vehicle customers.

Reuters

July 21, 2022 11:06 AM1 minute read

Samsung SDI is set to have two factories in Malaysia, the latest in Seremban, Negeri Sembilan. Photo: AFP

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Samsung SDI Co Ltd has broken ground on a new 1.7 trillion won (US$1.3 billion) battery factory in Negeri Sembilan to make cylindrical batteries, the company said today.

The battery maker said it would invest the 1.7 trillion won in stages in the factory in Seremban until its completion in 2025.

The factory is expected to begin producing cylindrical batteries starting 2024, Samsung SDI said in a statement.

The batteries are expected to be used for various applications ranging from power tools and micro-mobility to electric vehicles (EVs), it said.

The factory will be Samsung SDI's second in Malaysia, with the first making cylindrical batteries for EV customers.

In addition to Malaysia, Samsung SDI has production sites in South Korea, China, Hungary, and the US. Samsung SDI's clients include BMW, Ford Motor and Volkswagen.