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Batteries, Samsung SDI to further expand manufacturing site in Hungary - Sustainable Truck&Van

Summary by Sustainable Truck&Van
Korean battery maker Samsung SDI is considering possible expansion of its European manufacturing site located in Hungary. The production facility supplies prismatic batteries for Hyundai and Kia’s European electric vehicles (EVs). According to specialized Korean press sources, Samsung SDI had previously announced its intention to expand the second one, using funds raised through a capital increase. Apparently, the company will receive 1.65 trill…
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Sustainable Truck&Van broke the news in on Thursday, May 29, 2025.
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