Samsung SDI says it has signed a MOU on the establishment of a ESS (energy storage system) joint venture with Sungrow of China.
The joint venture will develop, produce and sell ESS applications in China, with construction of a production plant to start in the first half of next year.
Go deeper with GlobalData
The plant aims to capitalise on the Chinese ESS market with local production and to increase the business synergy with Xian automotive battery plant.
“This will become the cornerstone of pioneering and dominating the Chinese ESS market expected to grow greatly in the future,” said Samsung SDI CEO, Sangjin Park.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
