[Concall] Samsung SDI "Expanding Recycling Business for Nickel and Lithium... In Discussions with Automakers"

Q3 Earnings Conference Call

[Asia Economy Reporter Choi Seoyoon] On the 26th, Samsung SDI stated in its Q3 2022 earnings conference call, "As announced in the early part of this month during the Eco-friendly Management Declaration, we plan to expand recycling to practice ESG management, respond to strengthened environmental regulations in various countries, and secure a stable supply of key raw materials." They added, "Through this, we expect not only to reduce market dependence on key materials but also to achieve cost reduction."

They continued, "We are conducting recycling business through equity investments in recycling partners targeting nickel, lithium, and cobalt," and said, "Starting from our domestic business sites, we have established an industry-leading level by the end of this year with our subsidiaries in Malaysia and Hungary, and plan to sequentially implement the same system in China and the United States."

They further explained, "In the long term, we plan to build a value chain that collects and recycles used batteries generated from electric vehicles, and we are actively discussing this with automakers and partner companies."

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