% Dumping their 100W butane-fc's & focusing on the EV li-ion market,
(fuel cell discussions are OT on the evdl) %
http://insideevs.com/samsung-sdi-drops-fuel-cell-business-to-focus-more-intensely-on-batteries/
Samsung SDI Drops Fuel Cell Business To Focus More Intensely On Batteries
[20160423] Eric Loveday
[images
http://insideevs.com/wp-content/uploads/2016/01/SAMSUNG_SDI_at_the_2016_North_American_International_Auto_Show-750x500.jpg
Samsung SDI introduced new battery products include the prototype of high
energy density battery cell for EVs that enables them to drive for up to 600
kilometers by charging once, ‘low height pack’ and ‘low voltage system
(LVS)’ for EVs at the 2016 North American International Auto Show in Detroit
http://insideevs.com/wp-content/uploads/2015/12/SamsungSDI_high-performance_18650_battery-333x500.jpg
Samsung SDI’s high-performance 18650 battery, which will be inserted in JAC
Motors’s new electric SUV iEV6S
]
Samsung SDI is in the process of dropping all non-profitable divisions.
As it turns out, the fuel cell division is one of Samsung’s loss leaders
and, as such, it will exit the fuel cell market completely.
A company spokesman stated:
“Samsung SDI decided to drop fuel cell-related business projects, as the
outlook of the market isn’t good.”
Samsung will unload all of its fuel cell-related equipment for a “few
million dollars,” which will then be re-invested in core division at
Samsung, including battery development.
Starting last year, Samsung began to dump all non-profitable divisions. This
included both its chemical division and plasma display program.
Samsung SDI is now almost solely focused on electric car batteries and
EV-related parts, in addition to general lithium-ion batteries.
As Korea Times explains:
“Samsung SDI plans to invest more than 3 trillion won in batteries for
EVs and the EV-related parts businesses over the next five years in what the
company believes is enough to become the world’s top battery supplier by
2020.”
[© insideevs.com]
http://m.koreatimes.co.kr/phone/news/view.jsp?req_newsidx=202485
Samsung to drop fuel cell business
Apr 12, 2016 Kim Yoo-chul
Samsung SDI, the battery affiliate of Samsung Group, said late Tuesday that
it will completely exit the fuel cell business in accordance with the
group-wide strategy to drop unprofitable businesses.
“Samsung SDI decided to drop fuel cell-related business projects, as the
outlook of the market isn’t good,” a company spokesman said by telephone.
He said Samsung SDI was in talks with a local company to sell the related
equipment, though the spokesman declined to specify the name of the
potential buyer.
However, industry sources say that it will sell the equipment to Kolon
Industries for a “few million dollars.”
Kolon Industries said it was approached by Samsung SDI for the deal and
confirmed that talks were “underway.”
Workers who were involved in Samsung’s fuel cell business projects have been
moved to other divisions.
Since late last year, Samsung SDI has continued to drop none-core projects
to save costs, have a leaner business structure and to focus more on its
battery-driven business.
It sold its chemical business to Lotte Chemical and retired some employees
via voluntary retirement programs.
In late 2014, Samsung SDI exited the plasma display panel business.
The company developed fuel cells for notebooks based on methanol in 2005;
however, demand for these failed to gain as lithium-ion batteries are more
affordable, usable, efficient and competitive in terms of costs.
“Kolon Industries has a strong interest in buying SDI-owned fuel cell
patents. The money that will be saved from the sale of the fuel cell
business will be used to boost energy solution-related businesses such as
batteries for electric vehicles (EVs) and energy storage systems,” said an
official.
Samsung SDI plans to invest more than 3 trillion won in batteries for EVs
and the EV-related parts businesses over the next five years in what the
company believes is enough to become the world’s top battery supplier by
2020.
“We should burn fat in our tissues and bulk up muscles to win from heated
competition with our chief rivals,” Cho Nam-seong, chief executive of the
company, said in his New Year message to employees.
[@ KoreaTimes.co.kr]
...
[dated]
http://www.businesskorea.co.kr/english/news/industry/4885-nothing-show-what-next-gen-business-samsung-sdi%E2%80%99s-10-year-fuel-cell-project
Nothing to Show What Next-gen Business? Samsung SDI’s 10-year Fuel Cell
Project Yields No Finished Products
2 June 2014 ... Samsung Group selected fuel cells as a next-gen business in
2005, made a goal to commercialize it by 2008 ... several trillion won for
R&D and facilities ... A portable video player ... fueled by butane gas
container ... for portable gas ranges and a [Samsung] fuel cell appliance
... in 2005 ... introduction of butane-fueled cells ... used for over five
hours with 100W of output ...
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