Samsung SDI to Raise $1.4 Billion for New Battery Plants in Ambitious Expansion Move

In a strategic move to bolster its position in the competitive battery manufacturing sector, Samsung SDI has announced plans to issue approximately 1.4 billion new shares, which is expected to generate around $1.4 billion in capital. This capital infusion aims to support the company’s aggressive expansion of battery production, particularly in response to the growing demand from electric vehicle (EV) manufacturers and renewable energy sectors.

Continue reading