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Samsung SDI to expand U.S. battery plant

All Headlines 20:29 November 29, 2018

SEOUL, Nov. 29 (Yonhap) -- Samsung SDI Co., a battery unit of South Korea's top conglomerate, Samsung, is currently expanding its plant in the United States, industry sources said Thursday.

According to the sources, Samsung SDI is expanding the facility located in Auburn Hills, Michigan, by investing US$60 million.

Samsung SDI purchased the electric vehicle battery pack business of Magna Steyr in 2015, including the U.S.-based production line.

Industry watchers said the project will add 400 more jobs to the region by 2024.

"It is true that the expansion is in progress," an official from Samsung SDI said, adding that production capacity after the expansion will, however, depend on the market situation.

Samsung SDI to expand U.S. battery plant - 1

colin@yna.co.kr
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