Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Samsung SDI is said to be considering building its own battery cell plant in the U.S. If this will push through, it will be the company’s first battery factory in the country.
Why Samsung wants to construct its battery cell plant in the US
Samsung SDI’s plan comes as the electric vehicle business there is projected to reach an explosive growth. This is because President Joe Biden’s administration already announced the plans to fully support the EV companies. The government is even giving huge tax breaks for the manufacturers.
"Considering the growth potential of the U.S. EV market, it makes sense for Samsung SDI to set up a production facility there," The Korea Times quoted an insider as saying.
The South Korean storage battery manufacturing company already has its own factory in the region but this is for assembling battery packs. This facility is located in Michigan and there is a possibility that the battery cell plant could be built around this area as well if things go as planned.
It was added that Samsung SDI feels that it is already falling behind its rivals in the efforts to get its market share in the U.S. and this is another reason why the company wants to have its battery cell plant.
What’s more, there is a tariff incentive where under the U.S.-Mexico-Canada Agreement (USMCA), battery makers can boost their business with tariff-free benefit grants. This is applicable if companies will base 57% of their production in the territory by July 2025.
It was said that the plant is likely to proceed because Samsung SDI has a deal with Rivian, an American electric vehicle startup, for battery supply. The EV firm is backed by Ford and Amazon.
Samsung SDI visiting plant in Hungary
Meanwhile, Samsung SDI is not only doing business in the U.S. but in Hungary as well. In fact, it already has a battery plant there and is already building its second factory for EV batteries.
The Korea Herald reported that Samsung SDI’s chief executive officer and president, Jun Young Hyun is set to fly to Hungary next month to check the company’s facilities. Moreover, during his visit, he will be making the final checks in the battery plant being constructed in Goed located in the northern part of Hungary.
