PETALING JAYA: Samsung SDI Co Ltd has broken ground on a new 1.7 trillion won (RM6 billion) battery factory in Malaysia to make cylindrical batteries, the company said today.
The battery maker said it would invest the sum in stages in the factory in Seremban until its completion in 2025, the company said in statement.
The factory is expected to begin producing cylindrical batteries starting 2024. The batteries are expected to be used for various applications ranging from power tools and micro-mobility to electric vehicles (EVs), it said.
The factory will be Samsung SDI’s second in Malaysia, with the first making cylindrical batteries for EV customers.
In addition to Malaysia, Samsung SDI has production sites in South Korea, China, Hungary, and the US. Its clientele includes BMW, Ford Motor and Volkswagen, among others.