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SDI to invest more in Hungary battery plant
Posted : 2021-03-17 16:47
Updated : 2021-03-17 22:19
Samsung SDI CEO Jun Young-hyun appeals to shareholders during the company s 51th shareholders meeting at THE K Hotel in Seoul, Wednesday. / Courtesy of Samsung SDI
By Kim Hyun-bin
Samsung Group s key affiliates Samsung SDS, Samsung SDI and Samsung Electro-Mechanics see an optimistic year ahead with expected growth potential in their respective sectors.
The companies are set to increase investments to raise their competitiveness and market share for the coming year while seeking to strengthen environmental, social and corporate governance (ESG) management throughout their corporate structures.
Samsung SDI is seeking to grab a piece of the burgeoning electric vehicle (EV) battery market, which is expected to show exponential growth in the coming years.