[Concall] Samsung SDI "Volkswagen and other OEM battery insourcing likely to take considerable time"
[Asia Economy Reporter Suyeon Woo] On the 27th, Samsung SDI stated in its Q1 conference call that "the battery insourcing by OEMs such as Volkswagen signifies an increase in battery demand," adding, "However, since electric vehicle battery development requires considerable technical expertise and mass production capability know-how, it will take a significant amount of trial and error time to achieve large-scale capacity insourcing."
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They continued, "Meeting demand through insourcing alone is difficult, and because various batteries tailored to vehicle characteristics are needed, cooperation with battery manufacturers must continue."
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