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On April 14, Samsung Electronics announced that investment in electric vehicle battery projects reached 974.
6 billion won (5.
4 billion yuan), a year-on-year increase of 43%.
It is reported that the main part of this year's investment will focus on feeding electric vehicle batteries
.
Last year, Samsung Electronics sold its chemical division to South Korea's Lotte Chemical, which will focus on reorganizing the organizational structure
centered on the battery project.
Specifically, Three Points Electronics is expected to focus on improving battery performance
at its Ulsan plant in South Korea and its Xi'an plant in China this year.
Currently, the two plants produce 200,000 vehicles per year
.
In addition, Samsung Electronics is looking for locations in Europe to build new factories
.
On April 14, Samsung Electronics announced that investment in electric vehicle battery projects reached 974.
6 billion won (5.
4 billion yuan), a year-on-year increase of 43%.
It is reported that the main part of this year's investment will focus on feeding electric vehicle batteries
.
Last year, Samsung Electronics sold its chemical division to South Korea's Lotte Chemical, which will focus on reorganizing the organizational structure
centered on the battery project.
Specifically, Three Points Electronics is expected to focus on improving battery performance
at its Ulsan plant in South Korea and its Xi'an plant in China this year.
Currently, the two plants produce 200,000 vehicles per year
.
In addition, Samsung Electronics is looking for locations in Europe to build new factories
.
