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Samsung SDI: EV Battery Business Turned Profit In Q2 Thanks To Expanded Sales To European Customer
Samsung SDI Q2 Operating Profit $256 Mln, Up 184% From Year Earlier
Samsung Sdi Q1 Operating Profit $120 Mln, Up 147% From Year Earlier
Samsung SDI Co Ltd is a Korea-based company principally engaged in the manufacture and distribution of lithium-ion rechargeable batteries. The Company operates its business through two segments. The Energy Solution segment is engaged in the manufacture of lithium-ion rechargeable batteries, including small-sized mobile phone batteries, middle-sized automobile batteries and large-sized batteries used for energy storage systems (ESS). The Electronic Materials segment engages in the manufacture of semiconductors and display materials. The Company distributes its products in domestic and overseas markets.
Electronic Instr. & Controls
150-20, Gongse-ro, Giheung-gu
Yeong Hyeon Jeon
President, Chief Executive Officer, Director
Vice President, Director
Jong Seong Kim
Vice President, Director
Se Won Jeon
Wan Pyo Kim
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South Korea's Samsung SDI Co Ltd is considering building a battery plant in central Illinois, Senator Dick Durbin told reporters on Thursday.
Samsung is considering a building a battery plant in central Illinois, Senator Dick Durbin told reporters on Thursday.
South Korea's Samsung SDI Co may build a battery cell plant in the United States to support the auto industry's shift to electrification, a company source with close knowledge of the matter told Reuters on Thursday.
EU competition enforcers have extended a near two-year investigation into Hungarian state aid for South Korean manufacturer Samsung SDI Co Ltd's electric vehicle (EV) battery factory after Hungary submitted new data to back its case.
Electric vehicle startup Rivian, backed by Amazon.com Inc and Ford Motor Co, said on Monday that South Korean manufacturer Samsung SDI Co Limited would supply battery cells for its vehicles.
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.
Samsung SDI <006400.KS>, a South Korean supplier for BMW <BMWG.DE> and Audi <NSUG.DE>, said on Tuesday it expected a sharp rise in car battery sales in the second half, as Europe increases subsidies for electric cars.
(This Feb. 10 story corrects to change title of initiative in paragraph 6)
South Korean battery maker Samsung SDI Co Ltd <006400.KS> said on Thursday its first-quarter earnings could be negatively affected by a virus outbreak in China.
Australia-listed battery material developer Novonix Ltd struck a deal to supply South Korea's Samsung SDI Co with synthetic graphite anode material for lithium-ion batteries, lifting Novonix's shares up as much as 38% on Monday.
German carmaker BMW <BMWG.DE> on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) <300750.SZ> and Samsung SDI <006400.KS>.
German carmaker BMW said on Thursday it has signed a supply contract with South Korea's Samsung SDI to secure electric vehicle (EV) battery cells worth 2.9 billion euros ($3.21 billion) from 2021 to 2031.
German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI.
EU antitrust regulators on Monday voiced doubts whether Budapest's plan to grant 108 million euros ($119.2 million) to Samsung SDI's battery cell production facility in Hungary complies with the bloc's state aid rules.
For automotive battery makers LG Chem Ltd <051910.KS> and Samsung SDI Co Ltd <006400.KS>, the Chinese market has begun to offer promise after painful loss-making investments.
German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency.
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