Samsung SDI’s Q2 revenue hits record high on strong EV battery sales

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South Korean battery maker Samsung SDI said it posted record second-quarter revenue and operating profit thanks to strong sales of electric vehicle batteries. In the second quarter of this year, Samsung SDI’s revenue was 4.74 trillion won, an increase of 42.2% from the same period last year; operating profit was 429 billion won (about 330.4 million US dollars), a year-on-year increase of 45.3%, and net profit increased by 42% year-on-year to 409.2 billion won. . Samsung SDI predicts that under the influence of high oil prices and the global green energy boom, the demand for medium and large batteries for electric vehicles and ESS will be stable, and there will be stable growth in the second half of the year. (Financial Association)
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