[Concall] Samsung SDI "Electric Vehicle Battery Sales, Single-Digit Share of Cylindrical Cell Business This Year"
[Asia Economy Reporter Suyeon Woo] Samsung SDI stated on the 27th during its Q1 conference call that "This year, the sales proportion of electric vehicle battery projects will account for a single-digit percentage of the total cylindrical battery business," and added, "Next year, it will increase to double digits or more, contributing to overall performance improvement."
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They continued, "Due to decreased demand caused by COVID-19, customers have reduced battery inventory, and with the added demand for cylindrical batteries for electric vehicles, the supply of cylindrical batteries in markets such as power tools and micromobility has become tight," and said, "To respond to demand expected to grow by more than 30% compared to last year, we will increase production and focus on the premium market."
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