On July 21, Juheng.com reported that Samsung SDI said it would invest 1.7 trillion won ($1.3 billion) to build a new battery plant in Malaysia. It is expected to start mass production of cylindrical batteries in 2024, which can be used in electric vehicles and other markets. .

Samsung SDI said that the factory will produce 21700 cells, that is, cylindrical cells with a width of 21 mm and a length of 70 mm, to meet the current demand for continuous growth.

This will be Samsung SDI's second factory in Malaysia. In addition to Malaysia, Samsung SDI currently has factories in South Korea, China, and Hungary. In May this year, it also announced that it will cooperate with the automobile manufacturer Stellantis to establish the first American factory in Indiana, USA. battery factory. Samsung SDI's current electric vehicle battery customers include BMW, Ford and Volkswagen.

According to the statistics of SNE Research, as of May this year, CATL’s battery market share was 33.9%, and it was firmly in the leading position; LG Energy ranked second, with a market share down 14.4%; the third was BYD, with a market share The rate was 12.1%, followed by Panasonic, SK Innovation and Samsung SDI.