Connect with us

Hi, what are you looking for?

CleanTechnica

Batteries

Samsung SDI Drops Hydrogen Fuel Cells For Focus On Batteries For Electric Cars

Originally published on EV Obsession.

Samsung SDIIn an announcement that should surprise nobody who has truly been paying attention, Samsung SDI has apparently decided to close its hydrogen fuel cell division and focus new development resources on electric vehicle batteries.

The writing’s been on the wall for hydrogen fuel cell vehicles for some time now — arguably, since they were invented. The economics just don’t make sense except perhaps in a few niche applications. So, it shouldn’t be too surprising that the giant Korean electronics firm has decided to shift its resources elsewhere.

What was the stated reason for dropping the division? According to a company rep, because the “outlook of the market isn’t good.”

No argument there from me. It seems to just be a matter of time at this point before the technology has zero-backing from any major auto-manufacturers.

“The same spokesperson said fuel-cell patents and equipment would be sold to a local company, but would not name the purchaser. Kolon Industries subsequently acknowledged that it had been approached by Samsung SDI about a deal on the equipment and related assets,” Green Car Reports notes.

“Samsung is in the midst of a larger process of cutting projects and product lines it believes to be unprofitable, and redirecting resources to only those it considers will remain core businesses.”

Accompanying the recent announcement was another that revealed the company’s plans to invest over 3 trillion won (~$2.5 billion) over the next 5 years into electric vehicle (EV) battery development.

On a related note, Hyundai recently announced that it is refocusing on electric vehicles (and away from hydrogen fuel cell vehicles) as well.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Cars

According to new research on V2G technology from an MIT team published in the journal Energy Advances, as the number of EVs rises, the...

Batteries

Hyundai is planning to build three new battery factories in Georgia with LG Energy Solution and SK On to support its EV business.

Clean Transport

A recent ARK newsletter made the case that the landscape for all-electric transportation will change very quickly away from internal combustion engine power. What...

Batteries

A breakthrough regarding dendrites made by MIT researchers may finally open the way to the building of a new type of rechargeable lithium battery...

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.