Samsung SDI Co. will raise 2 trillion won ($1.4 billion) selling new shares to fund investments in US and European facilities as well as new technologies, as the battery maker bets on long-term growth of the electric-car industry.

Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others.

Samsung SDI Co., South Korea's second-biggest battery maker, said it will raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy. Its board of directors approved the capital increase aimed at "preemptively" securing a capital to prepare for a rebound in the car battery market,

Samsung SDI Co., South Korea's second-biggest battery maker, said Friday it will raise 2 trillion won (US$1.37 billion) through a stock sale as part of its broader growth strategy. Its board of directors approved the capital increase aimed at "preemptively" securing a capital to

Samsung SDI, South Korea’s second-largest battery manufacturer, has announced plans to raise 2 trillion won ($1.37 billion) through a stock sale as part of its long-term growth strategy. The company’s board approved the capital increase to secure funds in

Battery maker looks to continue investing amid slowing EV transition Samsung SDI said Friday that it will attempt to raise 2 trillion won ($1.37 billion) through a rights offering, as the Korean battery maker invests in its mid- to long-term growth amid a stalling electric vehicle market.

Samsung SDI Co., a major South Korean battery maker, said Friday it will raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader strategy to strengthen its competitiveness and secure growth.

Samsung SDI (KS:006400) announced plans to issue new shares worth 2 trillion won ($1.38 billion) to fund key growth initiatives, including its U.S. joint venture with General Motors (NYSE:GM) and expanding

Samsung SDI said on March 14 it will raise 2 trillion won ($1.5 billion) through an equity offering to fund its expansion in electric vehicle (EV) battery production, positioning itself for long-term growth despite a temporary slowdown in demand.

Samsung SDI, a major Korean battery maker, announced on Friday that it would sell stock to raise 2 trillion won ($1.37 billion). The proceeds from the stock sale will be used mainly to finance stock acquisition.