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Samsung SDI Co., Ltd

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Samsung SDI Co., Ltd - Energy & Power showcase

Year Founded & Workforce

1970

Industry

Energy & Power

Services

Golf Cart Battery
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Samsung SDI Co., Ltd Overview

Company Headquarters: Yongin-si, South Korea

Founded: 1970

Workforce: ~NA

Company Working: Samsung SDI Co., Ltd. (Samsung SDI) is a manufacturer and distributor of batteries. The company along with its subsidiaries carries out R&D, manufacturing, and marketing of a wide range of digital products such as small-size Li-ion batteries, automotive batteries, electronic materials, energy storage systems, semiconductors, organic light-emitting diode (OLED), and photovoltaic paste. Its products find applications in information technology (IT) devices, power devices, and trans devices. Samsung SDI distributes its products to clients in Korea, North America, Europe, China, and Southeast Asia. The company operates production plants in Korea, China, Hungary, Vietnam, Austria, the US, Germany, India, Japan, and Malaysia.

Strategy

Samsung SDI has robust R&D capabilities, which help implement innovative technology and deliver advance products, and services that meet its customers' critical needs. The company aims at developing new digital display devices. Samsung SDI conducts research to develop lithium-ion batteries for providing automakers and their customers with longer electric driving range and better powertrain performance. Samsung SDI harnesses its advanced battery technologies and its collaborative R&D structure with other Samsung affiliates to conduct research. Samsung SDI Energy & Chemical Solutions, Samsung Advanced Institute of Technology, Samsung Fine Chemicals, and other materials-related affiliates conduct collaborative research for advancing the development of new battery materials. In FY2021, Samsung SDI incurred an expenditure of KRW877,648 million on its R&D, which as a percentage of total revenue stood at 6.4%.

Company Snapshot

$8,885.74M

Revenue

1970

Founded

Yongin-si, South Korea

Headquarters

SWOT Analysis

Strengths

  • leading competitor in the market
  • Strong brand image
  • R&D Capabilities
  • Financial Performance
  • Global Presence

Weaknesses

  • Dependence on imports of raw material
  • Liabilities

Opportunities

  • Increasing demand for electric vehicles
  • Global Automotive Industry
  • Strategic Initiatives
  • Semiconductor Market

Threats

  • Stringent government regulations, which is increasing operating cost
  • Regulations from RoHS and WEEE
  • Intense Competition
  • Foreign Exchange Risks

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Key Developments

DateApproachDevelopment
February 2023Product LaunchSamsung SDI Co announced that it had developed a new cathode material with a nickel content of 90%. This is the highest nickel content ever achieved in a lithium-ion battery cathode material, and it represents a significant breakthrough for Samsung SDI Co. The new cathode material has a number of advantages over traditional cathode materials, including a higher energy density and improved safety. Samsung SDI Co plans to begin commercial production of the new cathode material in 2024.
March 2023AgreementSamsung SDI Co announced that it had signed a deal with General Motors to supply cathode material for GM's Ultium platform electric vehicles. The deal is worth an estimated $2.3 billion and is expected to supply cathode material for GM's electric vehicles for the next five years. The deal is a significant win for Samsung SDI Co, as it will help the company to secure a major customer for its cathode material products.
April 2023ExpansionSamsung SDI Co announced that it had begun construction of a new cathode material plant in the United States. The plant is expected to have a production capacity of 100,000 tons per year and is scheduled to start production in 2025. The plant is part of Samsung SDI Co's efforts to expand its production capacity in the United States and meet the growing demand for lithium-ion batteries in the country.
December 2022AgreementSamsung SDI Co announced that it had signed a deal with Ford Motor Company to supply cathode material for Ford's electric vehicles. The deal is worth $5 billion and is expected to last for five years. The cathode material will be used in Ford's Mustang Mach-E and F-150 Lightning electric vehicles.
March 2022Product LaunchSamsung SDI Co announced that it had developed a new lithium-ion battery technology that can charge a battery to 80% in just 10 minutes. The new technology uses a new type of electrolyte that is more conductive than traditional electrolytes.

Product Offering

  • Samsung SDI Co., Ltd
    • Golf Cart Battery

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 8,885.7 Mn in 2019 to USD 12,197.9 Mn in 2021.
Samsung SDI Co., Ltd — By Business Segment
Series (USD Mn)201920202021
Sales8,885.79,713.512,197.9

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