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Korean battery maker Samsung SDI Q1 net drops 38% due to decline in battery demand

Samsung SDI Q1 net drops 38% on lower battery demand

Cheju doSouth koreaSoult ukpyolsiSamsung sdiNet profitSouth koreaHe korea timesOrea timesOrean news in english

Electric vehicle sales might be slumping, but a battery plant here is still moving forward

Slumping EV sales have people wondering if the GM/Samsung plant near New Carlisle has been tabled. Officials say it's on track to open in 2027.

United statesNew carlisleSouth bendLaporte countyNiespodziany ditchIndiana department of transportationLg energy solutionIndiana enterprise centerGeneral motorsLarrison roadBill schalliolJoseph countyFilmore roadIndiana departmentIndiana enterpriseSamsung sdi

Samsung SDI partners with Selex Motors to make electric vehicle batteries in Vietnam

Selex Motors and Samsung SDI on Friday inked a strategic partnership memorandum for the development of electric motorcycle batteries.

Republic ofNguyen huu phuocLee joon seoKorea samsung groupSelex motorsTrong hieuSoutheast asianHuu phuoc nguyenSoutheast asiaSouth koreaSamsung groupSelex motorSamsung sdiSelex motorsElectric vehicle batteriesMart electric motorcycle ecosystem

Korean battery exports fall 1 6% amid slowing EV demand

Korea s exports of battery products fell 1.6 percent in 2023 from a year earlier after posting growth for the previous seven years amid a slowdown in electric vehicle sales, the trade ministry said Sunday.

United statesLg energy solutionSamsung sdiBattery productRisk onRechargeable batterySouth koreaHe korea timesOrea timesOrean news in english

Hana Bank expands to Hungary to offer financing to EV battery makers

Hana Bank will establish a regional office in Budapest, Hungary, in the first quarter of this year, according to the lender, Tuesday.

South koreaKorea development bankLee seung lyul courtesy of hana bankInvestment promotion agencyKorea trade insurance corpHungarian investment promotion agencyMercedes benzHana bankSeoul courtesy of hana bankCentral europeanEast europeanKorea trade insuranceTrade investment promotion agencyWestern europeanEast asianSamsung sdi

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