Samsung SDI celebrated the completion of construction of its EV battery plant in Goed, 30 kilometers north of Budapest, Hungary, on May 29. The ceremony was attended by about 150 officials, including Hungarian Prime Minister Viktor Orban, Samsung SDI President Jun Young-hyun, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto and Korean Ambassador to Hungary Yim Geun-hyeong.
Sitting on a 330,000 square-meter site in Goed, the plant is capable of producing batteries for 50,000 electric vehicles annually with operations expected to begin in the second quarter of next year. The company will be able to not only save logistics costs, but also improve customer service in Europe.
Samsung SDI’s former plasma display panel plant has been transformed into a plant equipped with Samsung SDI technology to produce high-power and high-efficiency EV batteries. Through construction of Hungary plant, Samsung SDI sets up a global electric vehicle batteries production tripod with plants in Ulsan, South Korea and Xian, China.