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Follow UsIt said in a statement that its was targeting 35 trillion won in sales in 2020, of which more than half would come from its battery operation including electric car batteries.
Rechargeable battery makers, led by Samsung, LG Chem and Sanyo Electric , are betting on strong growth thanks to rising demand from makers of electric cars, smartphones, tablets and other consumer electronics products.
Samsung SDI chief executive Park Sang-jin told a press conference that SDI was in talks with Volkswagen AG and other top global car makers to supply electric vehicle batteries.
Samsung SDI is also in negotiations for EV battery supply in China and India, Park said, but he declined to disclose details.
Despite overall sluggish TV demand, Samsung SDI, which also makes plasma display panels (PDP) will maximise its production capacity to keep up with growing demand for PDP, especially in the United States, Park added.
Expects to generate 3.5 trillion won in 2015 from new solar cell biz
The firm said in a statement that it expected to generate 3.5 trillion won in 2015 from its new solar cell business, transferred to it by Samsung Electronics .
In a race with Chinese producers, the company wants to take a leading position in the thin-film solar cell industry, saying it would secure 3 gigawatts of thin-film solar cell production capacity by 2015.
"Thin-film batteries have more technological potential (than crystalline solar cells)" CEO Park said.
Solar cell production will contribute to company sales in 2012
Solar cell production is set to start to contribute to the company's sales in 2012 or 2013 and executives dismissed market concerns about excessive investment.
"Surplus funds from our other businesses will be spent and external borrowing can be considered if necessary," Ji Myung-chan, its chief financial officer said