Samsung SDI Completes EV Battery Plant Construction in Hungary

The company sets up a global production tripod with plants in Ulsan,
South Korea and Xian, China

• Starts production of high-power and high-efficiency batteries designed
  using state-of-art technology…Early completion from second half to
  second quarter of 2018
• Innovative construction methods used to build cutting-edge line and
  meet European customer needs better

SEOUL, South Korea–(BUSINESS WIRE)–#Battery—Samsung
SDI (President: Jun Young-hyun) (KRX:006400) hosted a completion
ceremony for the state-of-art electric vehicle (EV) battery plant
scheduled to open in second quarter of 2018 in Hungary.

Samsung SDI celebrated the completion of construction of its EV battery
plant in Goed, 30 kilometers north of Budapest, Hungary, on May 29
(Hungarian time). The ceremony was attended by about 150 officials,
including Hungarian Prime Minister Viktor Orban, Samsung SDI President
Jun Young-hyun, Hungarian Minister of Foreign Affairs and Trade Peter
Szijjarto and Korean Ambassador to Hungary Yim Geun-hyeong.

Sitting on a 330,000 square-meter site in Goed, the plant is capable of
producing batteries for 50,000 electric vehicles annually with
operations expected to begin in the second quarter of next year. The
company will be able to not only save logistics costs, but also improve
customer service in Europe. Samsung SDI’s former plasma display panel
(PDP) plant has been transformed into a plant equipped with state-of-art
technology of Samsung SDI to produce high-power and high-efficiency EV
batteries. Through construction of Hungary plant, Samsung SDI sets up a
global electric vehicle batteries production tripod with plants in
Ulsan, South Korea and Xian, China.

Europe is leading the global EV market with its environment-friendly
policy. The market for batteries, one of core parts of electric
vehicles, is expanding fast alongside the EV market.

“In the early 1990s, we met capitalism and encountered various kinds of
companies and brands. We have learned that ‘Made in South Korea’ is a
warranty check that guarantees quality of a product. Korea was good
example to us indeed. We learned that this is the most important key for
a diligent small country to build a strong economy and hold a firm
position in the world market. Samsung learned from others but it has
always walked its own path. Goed wanted Samsung SDI and Samsung SDI
wanted to come back to Goed. That’s the reason for Hungarian government
to support this project. I would like to thank Samsung SDI executives
for choosing Hungary and Goed.” Hungarian Prime Minister Viktor Orban
said at the ceremony.

“State-of-the-art technology of Samsung SDI will be applied to batteries
to be made in this plant in Hungary. Batteries are one of the most
important parts supplied to global car makers. I expect the plant to
contribute much to the growth of the European electric vehicle market.”
Samsung SDI President Jun Young-hyun said.

Contacts

Samsung SDI
Yongdoo Shin, +82-2-2255-2614
[email protected]