South Korean battery manufacturer Samsung SDI will expand and modernize its facility in Göd, Hungary, to supply next-generation prismatic batteries for Hyundai and Kia electric vehicles in Europe. The expansion follows a successful 1.65 trillion won ($1.2 billion) stock offering, with the funds allocated toward renovating the plant’s first production line and enlarging its second.
The investment supports a multi-year battery supply agreement signed in 2023 between Samsung SDI and Hyundai Motor Group, covering deliveries from 2026 through 2032. According to BusinessKorea, the deal includes battery cells for up to 500,000 EVs and features sixth-generation (P6) prismatic cells with NCA cathode chemistry—comprising 91% nickel—and a silicon-based anode, a shift from traditional graphite. These cells are expected to power upcoming models such as the Kia EV2, a compact electric SUV aimed at the European market.
Samsung SDI’s Göd facility is its largest European production site, originally launched in 2017 with an investment exceeding two trillion won (around €1.3 billion). The factory currently has an annual capacity of 40 GWh, enough to support battery production for roughly 600,000 mid-sized EVs. The company manufactures two types of prismatic cells there—using wound and stacked methods.
The new Hyundai and Kia contracts center on stacked prismatic batteries, which offer improved energy density. As a result, Samsung SDI will convert its first factory at the Göd site exclusively to stacked battery production, while expanding capacity at the second factory to meet growing demand.
Source: Business Korea