Samsung SDI Co Ltd

006400: XKRX (KOR)
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Samsung SDI Earnings: Profitability Remained Under Pressure on Weak EV Demand but Guided to Improve

Samsung SDI’s June quarter revenue and operating loss missed our expectation. Sales of lithium-ion batteries declined 24% year over year due to sluggish electric vehicle demand in the US and Europe, and weak battery pricing due to competition and a drop in lithium prices.

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