Samsung SDI, the Korean tech giant’s battery-making subsidiary, and Volvo are celebrating 5 years of collaboration. The two firms have been collaborating since 2018, and Samsung has only lately begun directly supplying Volvo with its EV battery cells.
During Volvo’s President and CEO visit to Samsung SDI’s battery plant in Cheonan, it was stated that the two firms will continue to collaborate on vital EV technologies and will likely expand their relationship even further. This involves the production of construction equipment and energy storage devices.
Volvo’s FM Electric truck, launched last year, is powered by Samsung’s 21700 high-nickel cylindrical battery cells, with 28,000 of them in each battery pack. In addition, future Volvo vehicles and buses will use batteries manufactured by Samsung.
Volvo’s long-term ambition is to go fully electric by 2040, and it sees Samsung as a vital partner in accomplishing that goal. It will require a large number of batteries, which Samsung SDI is willing to offer.
About Samsung SDI
Samsung SDI (Samsung Secondary Battery Development Institute) is a subsidiary of Samsung Group and is primarily involved in the development and manufacturing of lithium-ion batteries. Established in 1970, Samsung SDI has grown to become one of the leading battery manufacturers globally.
Key areas of focus for Samsung SDI include:
- Lithium-ion Batteries: The company is a major producer of lithium-ion batteries used in a wide range of applications, including smartphones, tablets, laptops, electric vehicles (EVs), and energy storage systems. Samsung SDI has been at the forefront of battery technology, continuously working to improve energy density, safety, and performance.
- Electric Vehicle Batteries: Samsung SDI is actively involved in the development and production of batteries for electric vehicles. This includes battery packs for electric cars that contribute to the growing demand for sustainable transportation.
- Energy Storage Systems (ESS): Samsung SDI provides solutions for energy storage, helping to store electricity generated from renewable sources like solar and wind power. ESS is crucial for balancing the intermittent nature of renewable energy and ensuring a stable power supply.
- Materials for Batteries: Samsung SDI is also involved in the research and development of materials used in battery production, aiming to improve the overall efficiency and sustainability of battery technology.
Given the rapid advancements in battery technology and the growing importance of electric mobility and renewable energy, companies like Samsung SDI play a significant role in shaping the future of energy storage and transportation.