Samsung SDI to invest $849 million to expand EV battery plant in Hungary

FILE PHOTO: The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji//File Photo

SEOUL (Reuters) - South Korean manufacturer Samsung SDI Co Ltd said it will invest 942 billion won ($849 million) to expand its electric vehicle (EV) battery factory in Hungary, a company official told Reuters on Wednesday.

The firm, whose EV customers include Ford Motor Co and BMW AG, is also considering building another EV battery plant in the central European country, though no time line for construction has been decided, the official said.