Korea to enact special law for battery, chip industries koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
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.
SDI to invest more in Hungary battery plant koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Green Deal Making the economy sustainable
How many new jobs will be created?
The European Commission expects up to 4 million new jobs to be created by 2025 as a result of dozens of new industrial alliances in the battery cell business.
Le Maire said meeting this goal would require massive programs to train enough workers for the EU to catch up with rival battery makers. Our goal is to train and reconvert 800,000 workers between now and 2025 across the entire value chain for electric vehicles, he said by video link from Paris.
Battery cell production: Is Germany too late to the party?