Samsung SDI, ARN and Shaanxi Provincial Government signed a MOU on construction of an automotive power battery production base. Samsung SDI plans to invest about USD 600 million in phases within five years to join hands with ARN and Xi'an Gaoke (Group) to build auto power battery manufacture base in the Xi'an Hi-tech Industries Development Zone. Samsung SDI plans to build the project nearby Samsung Xi'an semiconductor plant.

The project will come under construction in the second half of 2014 and come into production in 2015.