Samsung invests in XG Sciences, to co-develop graphene-based batteries

 

XG Sciences announced that Samsung Ventures placed a strategic investment in the company. XGS did not disclose the terms of the investment, but they said that it will be used to “fund additional research and development of the company’s advanced materials”.

XG Sciences also plans to formalize their development work with Samsung SDI (the world’s largest Li-Ion battery maker) in a joint development program aimed at next-generation batteries for consumer electronics and other devices.

More at link below:

http://www.graphene-info.com/samsung-invests-xg-sciences-co-develop-graphene-based-batteries

Written by

Co-founder and Co-Executive Director, Graphene Stakeholders Association