Samsung SDI Energy to invest RM7bil for a battery factory in Malaysia


Samsung SDI Co Ltd (South Korea) president and chief executive officer Yoon Ho Choi

SEREMBAN: Samsung SDI Energy Malaysia Sdn Bhd (SDIEM) will invest some RM7bil to build a state-of-the-art facility to manufacture batteries for electric vehicles (EV) near its existing plant at the Taman Tuanku Ja'afar Industrial Area near here.

The new facility, which is expected to begin operation in 2025, will see the production of some 800 million battery cells a year.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bitcoin at record highs, sets sights on US$100,000
Oil heads for weekly gains on anxiety over intensifying Ukraine war
Dollar climbs to 13-month peak, bitcoin eyes US$100,000
Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder

Others Also Read