"Cylindrical Batteries Return" Samsung SDI Adds Production Line... 1.7 Trillion Won Investment

Malaysia Plant 2 Scheduled for Completion in 2025
Primax 21700... Mass Production Starting from 2024

On the 21st (local time), Samsung SDI held a groundbreaking ceremony for its second battery plant in Seremban, Malaysia. From the left: Lee Chi-beom, Ambassador of Korea to Malaysia; Choi Yoon-ho, CEO of Samsung SDI; Dato' Sri Haji Aminuddin bin Harun, Governor of Negeri Sembilan; Dato' Haji Julkipli Mohamad bin Othman, Speaker of the State Assembly.

[Asia Economy Reporter Oh Hyung-gil] Samsung SDI is investing 1.7 trillion KRW in Malaysia to add a cylindrical battery production line. This move is interpreted as a response to the recent increase in demand for cylindrical batteries for electric vehicles.

On the 21st (local time), Samsung SDI held a groundbreaking ceremony for its Battery Plant 2 equipped with a state-of-the-art innovation line in Seremban, Malaysia.

The groundbreaking ceremony was attended by Samsung SDI CEO Choi Yoon-ho, Dato' Sri Haji Aminuddin Bin Harun, Governor of Negeri Sembilan, state assembly members, representatives of state government agencies, Lee Chi-beom, Ambassador of Korea to Malaysia, and representatives of Malaysian corporate partners including POSCO Chemical, W-SCOPE, and Iljin Materials.

The Malaysian Plant 2 will be completed by 2025 with a total investment of 1.7 trillion KRW and will produce cylindrical PRiMX 21700 (diameter 21mm × height 70mm) batteries. The first mass production is scheduled for 2024. The produced batteries will be used in power tools, micro mobility, electric vehicles, and more.

Established in 1991, Samsung SDI Malaysia is Samsung SDI's first overseas subsidiary, initially serving as a brown tube manufacturing base and producing batteries since 2012.

Electric vehicle manufacturers such as Tesla and BMW are continuously increasing the adoption of cylindrical batteries, prompting battery companies to expand cylindrical battery production. The global cylindrical battery market is expected to grow from 10.17 billion cells this year to 15.11 billion cells by 2027, showing an average annual growth rate of 8%.

CEO Choi Yoon-ho said, "This will be the starting point to achieve our vision of becoming a global top-tier company by 2030," adding, "Through the successful construction and early stabilization of Plant 2, we will make the Malaysian subsidiary the center of the global battery industry."

He also emphasized, "If the Negeri Sembilan state government’s support and our partners contribute with the highest quality, the timeline for achieving our vision will be accelerated."

Dato' Sri Haji Aminuddin, the governor, said, "Samsung SDI’s investment in electric vehicle battery production facilities will continuously create youth jobs in Seremban City and open more opportunities for local companies."

Samsung SDI held a groundbreaking ceremony for its second battery plant in Seremban, Malaysia, on the 21st.

This content was produced with the assistance of AI translation services.