[Concall] Samsung SDI "US Electric Vehicle Market Growing 50% Annually... Promoting Supply of Premium Products"
At the earnings presentation held on the 30th, Samsung SDI stated, "In North America, due to demand driven by the U.S. Inflation Reduction Act (IRA) policy, we expect an annual electric vehicle growth rate of 50% compared to the previous year." They added, "In Europe, a short-term slowdown in growth is anticipated, but with stricter regulations scheduled from 2025, growth recovery is expected from the second half of this year."
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They continued, "Even amid short-term demand slowdown, Samsung SDI will actively pursue sales growth by supplying the new P6 model alongside the existing P5 for premium models. At the same time, to prepare for full-scale demand growth after 2025, we will steadily prepare new bases in the U.S. and secure orders for various products to ensure sustainable growth."
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