Samsung SDI, one of the major EV battery suppliers, has noticeably increased its revenues in the past quarter by over 20% year-over-year, to probably an all-time level of $2.72 billion.
The good news is that the business overall is also very profitable right now:
- Revenue: 3,087 billion KRW, ≈$2.72 billion (up 20.2% year-over-year)
- Revenue (Li-ion Battery - xEV and non-automotive):
2,382 billion KRW, ≈$2.10 billion (up 22.0% year-over-year)
77% of total revenue
- Net Profit: 240.7 billion KRW, ≈$213 million (up 10.7% year-over-year)
7.8% of net margin
One of the major factors behind the growth is the large-sized battery cell business:
Unfortunately, no precise numbers of GWh deployed were provided.
The energy storage segment slightly declined. In Q4 more installations in the U.S. may help to note some growth.