We will invest 3 trillion won in the [electric] car battery business by 2020 to make it one of the globally best businesses in the industry,” Samsung SDI chief executive Cho Nam-seong said earlier this year during a Samsung SDI shareholder meeting. While not quite the level of investment being planned by California automaker Tesla Motors and its lithium-ion technology partner Panasonic in the massive Gigafactory, Samsung’s planned investment should not be sneezed at.
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a MERE $2.5 Billion < Reminds me of people who play the 5 cent poker machine
Not Really :) :) :)
CR to shareholders, page-266
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