[Concall] Samsung SDI "Rising Demand for Electric Vehicles in Europe... Battery Sales Expected to Increase in Q4"
Q3 Earnings Conference Call
![[Concall] Samsung SDI "Rising Demand for Electric Vehicles in Europe... Battery Sales Expected to Increase in Q4"](http://www.asiae.co.kr/news/img_view.htm?img=2021110213552693346_1635828926.png)
[Asia Economy Reporter Choi Seoyoon] On the 26th, Samsung SDI stated in its Q3 2022 earnings conference call regarding concerns about weak demand in the European market, "Due to semiconductor supply issues and supply chain disruptions of key components caused by the Russia-Ukraine war, the overall European automobile market demand has slowed, but demand for electric vehicles (EVs) is showing steady growth." The company added, "Premium-grade EV products, which account for a large portion of our sales, performed well, and we were able to expand EV products focusing on high value-added products such as Gen5."
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It continued, "In the fourth quarter, EV product demand is expected to increase due to the easing of supply chain issues for automakers and the entry into the seasonal peak period," but also said, "However, since the global economic recession is expected to continue for some time, we will closely monitor the front-end situation and customer demand and respond accordingly."
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