Samsung SDI in 2014 The World’s Largest Lithium-Ion Battery Manufacturer in the World
Samsung SDI, the world’s leading manufacturer of lithium-ion batteries, and ABB, the leading power and automation technology group, have signed a memorandum of understanding to establish a strategic commercial alliance. Samsung SDI and ABB join forces to develop and market microgrid systems that comprise energy storage solutions. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage. “The alliance with ABB provides Samsung the basis to expand our global No. 1 position into the microgrid market. Together with ABB we will make our utmost effort to develop new products and to pioneer new markets to keep on being the world’s best ESS company.” said Namseong Cho, President and CEO of Samsung SDI. According to B3, a Japanese market research firm, Samsung SDI was in 2014 the world’s largest lithium-ion battery manufacturer in the world, leading in consumer electronics and stationary applications.