Being a progressive brand, the South Korean tech giant also took care of its key partners for the company’s sustainable growth. This meeting is probably considered the next move. In order, for the preparation of new investment in the US battery pack plant to supply Stellantis.
As per the latest news getting recently, key executives such as Samsung SDI President Choi Yun-ho and Park Jin (Managing Director) of the Heavy sized battery business unit. They will be going to visit the partner company in near future. While the separately invested battery equipment company Phil Energy is the focused one. It is also expected that he also have planning to visit the Michigan plant in the United States.
Another tentative reason for meeting
It is also taken into consideration that this visit in regard to key partners appears. In order to demonstrate the newly developed equipment. Also to examine the progress of the Phil Energy listing. Notably, in September 2020, Samsung SDI invested in Phil Energy as a $5 billion third-party allotment moratorium. While Phil Energy is drawing up an application for an initial review of the listing. The same has been done with the motive of submitting it in October. And earlier in the first half of the coming year, Kosdak will be listed.
Lately, Phil Energy has been able to succeed in coming up with a new concept of equipment design. This is an inline for secure to make tabs of positive and cathode materials and stacking process for zigzagging each battery material. And the same going expected to further increase battery productivity and yield capacity. The equipment will be supplied to the God 2 plant in Hungary.
Michigan plant for 2 lines battery pack
In addition to this info, the Michigan plant placed in the US is an investment check for 2 lines of electric vehicle battery packs. And the investment will be made earlier next year. And since it is responsible for the process of taking a battery module made at the God factory in Hungary and processing it into the battery pack. The steps are that batteries are bundled into ‘Cell’ then ‘Module’ and finally into ‘Packs’. While talking about the equipment for assembling parts includes logistics, transport robots, dispensers for adhesion, cooling components, bus bars for high voltage transmission and a battery management system are involved.
Specifically, the Michigan plant will serve as an electric vehicle battery forward base. Until the joint venture with Stellantis comes together into operation. Also, the Jeep plug-in hybrid car (PHEV) comes under Stellantis, which is a known one. While the Michigan plant’s battery pack line has already touched 100 per cent last year.
An industry expert said- “Samsung SDI is operating by changing the policy of partner companies in charge of battery materials, components and equipment to a medium- to long-term cooperative growth system,” and that “the aim will also be to make it a good example of mutual growth and win-win development.”