Samsung SDI Co Ltd

006400: XKRX (KOR)
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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.

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