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Samsung SDI Logs Record-high Profit in Q3 on Robust EV Battery Sales

Samsung SDI Logs Record-high Profit in Q3 on Robust EV Battery Sales

SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Wednesday it posted record high profit and sales in the third quarter on the back of strong demand for secondary batteries used in electric vehicles (EVs). Operating profit reached 565.9 billion won (US$396 million) in the July-September period, up 51.5 percent from 373.5 billion won [...]

EcoPro BM-Samsung SDI JV Completes Construction of New Cathode Plant in Pohang

EcoPro BM-Samsung SDI JV Completes Construction of New Cathode Plant in Pohang

SEOUL, Oct. 21 (Korea Bizwire) — EcoPro BM Co., a South Korean cathode producer, said Friday it has completed the construction of a new production plant that has the world’s largest output capacity. The new CAM7 plant in Pohang, about 370 kilometers southeast of Seoul, was built by its joint venture company formed with battery [...]

Samsung SDI Showcases Battery Products, Technologies at Int’l Truck Show

Samsung SDI Showcases Battery Products, Technologies at Int’l Truck Show

SEOUL, Sept. 20 (Korea Bizwire) — Samsung SDI Co. presented its latest battery technologies and products for commercial vehicles at an international exhibition taking place in Germany this week, the South Korean battery maker said Tuesday. The exhibits at the IAA Transportation Hannover 2022 include the high-nickel prismatic battery cells made with its proprietary silicon [...]

Samsung SDI Logs Best-ever Results in Q2 on Robust EV Battery Sales

Samsung SDI Logs Best-ever Results in Q2 on Robust EV Battery Sales

SEOUL, July 29 (Korea Bizwire) — Samsung SDI Co. said Friday it posted record high operating income and sales in the second quarter, driven by strong sales of electric vehicle (EV) batteries. Operating income reached 429 billion won (US$330.4 million) in the April-June period, up 45.3 percent from a year earlier, the company said in [...]

Samsung SDI Q1 Net More than Doubles on Strong Battery Sales

Samsung SDI Q1 Net More than Doubles on Strong Battery Sales

SEOUL, April 28 (Korea Bizwire) — Samsung SDI Co. said Thursday its first-quarter net profit more than doubled from a year earlier on the back of strong sales in mid-to-large battery and premium electric vehicle battery products. Net income came to 362.7 billion won (US$286.6 million) in the January-March period, compared with a net profit [...]

Samsung SDI on Lookout as Rivals Begin Race for Oversea Production Facilities

Samsung SDI on Lookout as Rivals Begin Race for Oversea Production Facilities

SEOUL, March 29 (Korea Bizwire) — South Korean battery makers LG Energy Solution Ltd. and SK On Co. are stepping up to expand production facilities overseas. Samsung SDI, on the other hand, is still on a cautious lookout. Unlike the other two companies, Samsung SDI Co. has yet to unveil its current production capabilities and [...]

S. Korean Battery Makers Tout Latest Technologies, Future Visions at Seoul Exhibition

S. Korean Battery Makers Tout Latest Technologies, Future Visions at Seoul Exhibition

SEOUL, March 17 (Korea Bizwire) — Major South Korean battery makers are showcasing their latest technologies and visions for future growth during an international battery exhibition in Seoul this week, the companies said Thursday. SK On Co., LG Energy Solution Ltd. and Samsung SDI Co. were among some 250 battery and battery parts manufacturers and [...]