Samsung SDI(006400) sold about 33% of its equity in Samsung Display to Samsung Display to secure 4.45 trillion won. It appears likely to inject funds into the Synergy Cells battery plant in Indiana and into Solid-state Battery, among others.
On the 21st, according to the Financial Supervisory Service's electronic disclosure system, Samsung SDI resolved to transfer 13,088,235 common shares of Samsung Display it holds to Samsung Display. The amount equals about 33% of its total holdings (39,856,654 shares).
After the disposal, the equity ratio will fall from 15.2% to 10.2%. The sale price is about 340,000 won per share, securing about 4.45 trillion won.
Samsung SDI is expected to invest the funds secured this time into Synergy Cells, the battery plant under construction in New Carlisle, Indiana. Synergy Cells is a North American production base established in 2024 with a total $3.5 billion (about 4.95 trillion won) investment by Samsung SDI and General Motors (GM). Its annual production capacity is 27 GWh.
On the 11th, Samsung SDI ended its joint investment agreement with GM. It acquired the entire 49.99% equity held by GM and converted Synergy Cells into its first standalone corporation in North America. It plans to produce batteries to supply to automakers other than GM and to build a production line for ESS batteries.
Investments to build a mid- to long-term growth base are also expected to increase. For Solid-state Battery, considered a game changer in the battery industry, development is underway with the goal of mass production in the second half of 2027. The first commercial project is sample supply for humanoids.