Samsung SDI is gradually increasing battery sales and soon could experience a significant boost thanks to new EV/PHEV models.

South Korean lithium-ion battery manufacturer Samsung SDI released Q2 financial results, which hints at sustained growth of battery sales, general revenues and net profits.

Sales of the "Large-sized LIB" were recently driven up thanks to "key EU customers" for xEV batteries and energy storage projects in the U.S. and South Korea.

Samsung SDI Q2 2019 results:

  • Revenue: ≈$2.03 billion (up 7% year-over-year)
  • Revenue (Li-ion Battery): ≈$1.54 billion (up 5% year-over-year and up 84% compared to 2017)
  • Net Profit: ≈$135 million (up 53% year-over-year)

The near future is expected to bring record results as Samsung SDI announced shipment of batteries for new EV and PHEV models.

Samsung SDI Q2 2019 results

Here is a more detailed look at the Q2 results:

Samsung SDI Q2 2019 results
Samsung SDI Q2 2019 results

Source: Samsung SDI via evspecifications.com