#SAMSUNGSDI

Business

BMW Hikes Battery Cell Orders to €10.2 Billion

BMW AG has awarded orders for $11.3 billion worth of battery cells for electrified vehicles over the next 12 years.

Batteries

Samsung Plans Battery Plant in Michigan

California-based Samsung SDI Co. Ltd. plans to open a $63 million battery plant outside Detroit.

Batteries

EU Eases Funding for European Battery Push

The European Union is loosening anti-competitive rules to allow member countries to fund battery research and build giant factories to make batteries for electric cars, the Financial Times reports.

Production

Samsung Opens EV Battery Factory in Hungary

Samsung SDI Co. has completed construction of a 330,000 sq-meter (3.6 million sq-ft) electric-vehicle battery plant in Goed, Hungary.

Hybrid

Lucid to Start EV Pricing at $52,000

Lucid Motors Inc. says the base price of its Air electric vehicle will be $60,000, excluding tax credits. This would undercut the starting price of a Tesla Model S electric sedan by more than $11,000.

Batteries

Samsung Touts Fast-Charging, Long-Range EV Battery

South Korea’s Samsung SDI Co. says it is developing a high-energy-density lithium-ion battery system that would enable electric vehicles to travel 600 km (373 miles) and be recharged to 80% capacity within 20 minutes.

Hybrid

Lucid Airs High-Performance EV

Menlo Park, Calif.-based electric vehicle startup Lucid Motors Inc. (formerly Atieva) on Wednesday unveiled its first vehicle, the Air electric sedan, which it plans to launch in about two years.

Batteries

Lucid to Source EV Batteries from Samsung

Menlo Park, Calif.-based electric vehicle startup Lucid Motors Inc. says South Korea’s Samsung SDI Co. will be a “major” supplier of lithium-ion batteries for the EV the carmaker plans to launch in 2018.

Hybrid

Samsung Will Build EV Battery Plant in Hungary

Samsung SDI Co. says it will spend 400 billion won ($358 million) to erect a factory near Budapest, Hungary, to make batteries for electric vehicles.

Business

Tesla Nears Battery Deal with Samsung

Tesla Motors Inc. is testing a large batch of lithium-ion cells supplied by Samsung SDI Co. as a final precursor to adding the South Korean company as a second battery supplier for its growing electric vehicle lineup, The Nikkei reports.

Hybrid

Report: Audi Will Build Electric Crossover in Belgium

Audi AG has selected its plant in Brussels to make the Q6 e-tron electric crossover due in early 2018, according to Belgian newspaper De Morgen.

Batteries

Battery Makers to Supply New Cell Technology for Audi EV

Volkswagen AG's Audi arm says it is working with LG Chem and Samsung SDI on a new battery pack for a previously announced electric SUV/crossover.

Hybrid

Magna Sells EV Battery Business to Samsung

Magna International Inc. has sold its batterymaking operations to South Korea's Samsung SDI Co.

Hybrid

BMW Expands EV Battery Order with Samsung

BMW AG has agreed to hike its purchase of lithium-ion battery cells from South Korea's Samsung SDI for its i3 electric and i8 plug-in hybrid cars.

Batteries

Ford, Samsung Unveil Next-Generation Battery Projects

Ford Motor Co. and Samsung SDI Co. are researching two new battery systems for non-hybrid vehicles.

Hybrid

LG Chem Ponders EV Battery Factory in China

LG Chem CEO Park Jin-soo says the South Korean company may build a plant in China to make batteries for electric cars sold there.

Hybrid

Tesla May Build Its Own Battery Factory

Tesla Motors Inc. CEO Elon Musk says he wants to erect the world's largest lithium-ion battery factory to ensure a supply of the cells for electric vehicle production.

Hybrid

Tesla In Talks with Samsung as Second Battery Source

Electric carmaker Tesla Motors Inc. may tap South Korean battery producer Samsung SDI Co. Ltd. as a second supplier as it tries to add models and volume, according to Reuters.

Hybrid

Startup Claims Its Plug-in System Can Double Driving Range

A three-year-old technology company in Texas says its scalable plug-in electric powertrain can deliver as much as twice the range of current mass-market plug-in systems.

Batteries

Bosch Restructures Battery Operations

Robert Bosch GmbH has reorganized its lithium-ion battery business under a new name, Robert Bosch Battery Systems, effective immediately.