Samsung SDI Co Ltd
006400: XKRX (KOR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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Samsung SDI Earnings: Profitability Further Deteriorated Amid Weak EV Battery Demand
Samsung SDI’s September-quarter revenue and operating profit missed our expectations. Sales of lithium-ion batteries declined 31% year over year in the quarter due to electric vehicle, or EV, demand slowdown in the European market amid a prolonged drop in lithium prices.
