Samsung's battery manufacturing arm to continue investments in R&D

Final updated: Baronial 31st, 2020 at 08:41 UTC+01:00

Samsung SDI will continue to invest more in research and development so that information technology tin can drive growth and handbag more orders in the future. The visitor is expected to invest a total of $678 one thousand thousand in 2020 for R&D, its highest almanac investment ever. Samsung'south battery-making unit is preparing itself for the electric vehicle era with its continued investments.

Co-ordinate to the company'southward previous reports, Samsung SDI invested $424 million in 2017, $508 meg in 2018, and $601 million in 2019. This indicates that the company'south investment for inquiry and evolution rose 60% in simply three years. Samsung SDI has already invested $347 in R&D this year, pointing towards a full investment to reach $678 million by the cease of 2020.

The company wants to develop its electric vehicle battery business as the growth engine for the hereafter. Virtually of its R&D investments have been used in the development of next-generation batteries for electric vehicles. Information technology is preparing for the mass product of fifth-generation batteries that have 88 percent nickel content based on high-nickel cathode material. This battery offers longer range and lower cost compared to previous generation batteries.

Samsung SDI began drawing attention in the international manufacture in 2016 after it introduced a battery that offers upwards to 600km of range for electric cars. In 2017, information technology displayed a bombardment that provided a range of up to 500km after just 20 minutes of charging. Recently, the company has been busy developing solid-state batteries that are being considered every bit a game-changer. Samsung has been in talks with Hyundai to offer batteries for the motorcar brand's time to come electric cars.

The bombardment making firm also invested in the construction of a smart battery manufactory in Cheonan where sensors and AI mechanisms are used for improved control on the manufacturing process. Since 2017, when Jun Young-Hyun was appointed as the president, the company has emphasized technology management and to offering the best quality and safety in the industry.

Source: https://www.sammobile.com/news/samsung-sdi-continue-rd-investment-bag-orders/

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