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Samsung SDI logs record-high Q3 sales on solid EV battery demand

Samsung SDI said Thursday it has posted a record-high revenue in the third quarter, driven by upbeat sales of electric vehicle batteries. In the July–September period, the company’s revenue surged 10.8 percent on-year to 5.9 trillion won ($4.4 billion), mostly boosted by increased sales of prismatic and cylindrical batteries cells for EVs which saw a 60 percent jump in profit and a 9.3 percent operating p...
Republic Of Ch Ungch Ong Namdo South Korea Hyundai Motor Group Michael Son West Asian

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