Samkee EV US Corporation, Large-Scale Mass Production of Battery Components..."Aggressive Response to US Secondary Battery Market"

Samki EV, a KOSDAQ-listed company, announced on the 26th that it has resolved to guarantee financing worth $60 million for its North American subsidiary, Samki America. The main creditor bank involved is the Korea Development Bank, and the debt guarantee amount is approximately 92.4 billion KRW.

This financing is expected to accelerate the establishment of Samki America’s local production facilities in the United States. Combining the incoming funds with the existing investments made by the Samki Group, the total exceeds $100 million. The company described this as a mega project in terms of investment scale for a mid-sized enterprise.

A representative from Samki EV explained, "Samki America is the only die-casting company in North America capable of producing secondary battery components, electric vehicle parts, and internal combustion engine parts, which has led to high evaluations of its growth potential and expectations, resulting in successful financing."

Samki America is constructing its own secondary battery and electric vehicle parts production facility in Tuskegee, Alabama. The North American production facility of Samki America will serve as a key base for the Samki Group (Samki and Samki EV) to target the U.S. market.

Currently, in the nearby Savannah area of Georgia, Hyundai’s dedicated electric vehicle factory is under construction. Additionally, the Big 3 secondary battery manufacturers?LG Energy Solution, SK On, and Samsung SDI?are building 15 battery plants across the U.S. The company plans to actively leverage geographical advantages and opportunity factors such as USMCA to maximize benefits.

A company official stated, "Starting with parts for HEVs already ordered, Samki America plans to mass-produce secondary battery and electric vehicle parts next year and supply them directly locally, expecting sales exceeding $50 million by 2025." He added, "With the continued growth of the electric vehicle market driven by environmental regulations, we anticipate additional orders and rapid sales growth accordingly."