South Korean battery supplier Samsung SDI announced on Tuesday that it has established new research and development hubs in the U.S. and Germany.

It will work with universities, research institutes and startups in various regions to improve the performance of batteries and develop a new generation as demand for electric vehicles grows.

The U.S. hub was commissioned in Boston on Monday following its German counterpart in Munich last month.

The company plans to develop new technologies in collaboration with engineering universities and other local institutions, and to attract local engineers.

Samsung SDI also has plans for a research institute in China in 2023, but no city has yet been announced for it.

The company will secure its own patents for solid-state batteries, the mainstays of future power storage, following Toyota Motor, Panasonic and others.

In 2021, Samsung SDI invested 877.6 billion won ($668 million) in research and development, an increase of 9% over the previous year, and is now installing the capacity needed to mass produce next-generation batteries.

South Korea's LG Energy Solution and SK Innovation are competing directly in the global market. Compared to LG and SK, Samsung has been cautious with expanding production capacity, and strives for stable earnings alongside its R&D investment and capital outlay.

By: DocMemory
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