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Samsung SDI Q3 Net Income Jumps 74.7 pct on Robust EV Battery Sales

Samsung SDI Q3 Net Income Jumps 74.7 pct on Robust EV Battery Sales

SEOUL, Nov. 2 (Korea Bizwire) – Samsung SDI Co., a South Korean battery maker, said Tuesday its third-quarter net profit jumped 74.7 percent from a year earlier backed by robust sales in electric vehicle (EV) batteries. Net income reached 420.4 billion won (US$357.6 million) in the July-September period, compared with 240.6 billion won from a [...]

Chiefs of Samsung SDI, Stellantis Meet in Hungary Following U.S. Battery Plant Deal

Chiefs of Samsung SDI, Stellantis Meet in Hungary Following U.S. Battery Plant Deal

SEOUL, Oct. 27 (Korea Bizwire) — The chiefs of South Korean battery maker Samsung SDI Co. and global automaker Stallantis N.V. have met in Hungary, company officials said Wednesday, days after announcing a partnership to build an electric vehicle (EV) battery plant in the United States. The meeting between Samsung SDI CEO Jun Young-hyun and [...]

Samsung SDI to Set Up 1st EV Battery Plant in U.S. with Stellantis

Samsung SDI to Set Up 1st EV Battery Plant in U.S. with Stellantis

SEOUL, Oct. 22 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Friday it will build its first electric vehicle (EV) battery plant in the United States with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region. The announcement confirms earlier reports that the two recently signed [...]

Samsung SDI Q2 Net Jumps Sixfold on Strong EV Battery Sales, Hints at U.S. Factory

Samsung SDI Q2 Net Jumps Sixfold on Strong EV Battery Sales, Hints at U.S. Factory

SEOUL, July 27 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Tuesday its second-quarter earnings jumped nearly sixfold on solid demand for electric vehicle (EV) battery products, hinting at a new battery factory in the United States in the near future to meet growing demand in the world’s most important automobile market. [...]