[Concall] Samsung SDI "Stellantis JV to Start Early in December... AMPC to Fully Launch Next Year"
On the 30th, Samsung SDI stated at this year's Q3 and Q4 earnings presentation, "The joint venture (JV) with Stellantis, StarPlus Energy (SPE), plans to operate its first production line earlier than scheduled, in December of this year," adding, "The remaining three lines will be sequentially operated each quarter starting from Q1 2025, securing an annual production capacity of 33GWh."
They further added, "By applying the know-how accumulated from operating the Hungary plant to SPE, we will shorten the ramp-up period to 1 to 2 months, thereby securing optimal demand within a short period."
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Regarding the U.S. Inflation Reduction Act (IRA) Advanced Manufacturing Production Credit (AMPC), they said, "Although the production volume in Q4 this year is expected to be low as it is the initial production phase, next year, based on Stellantis's active electric vehicle strategy including various new model launches, we anticipate full operation of the SPE lines," and added, "We expect meaningful AMPC accordingly. The funds will be used for the JV's operating expenses and future facility investments."
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