10 articles
Samsung SDI reported a Q3 operating profit nearly doubling to $306 million, driven by strong energy storage system demand linked to AI data centers. The company secured over 60 GWh of US orders and is
South Korean battery makers are securing domestic and non-Chinese supplies of lithium and cathode materials to comply with tightening US sourcing rules. Key agreements by SK On, Samsung SDI, and LG En
GM and LG Energy Solution will resume battery cell production at their Ohio joint venture next week following a seven-month shutdown due to weak EV demand. Additionally, Samsung SDI acquired GM's stak
General Motors plans to sell its 50% stake in a $3.5 billion Indiana electric vehicle battery joint venture to Samsung SDI amid slowing EV demand, transferring ownership of the New Carlisle facility.
Samsung SDI reported a 34.8% year-over-year increase in operating profit for its electronic materials segment in Q2, driven by strong demand for semiconductor and foldable smartphone film materials.
Samsung SDI invests $20 million and engineering support in Forge Nano to build US-based battery cells for defense, aiming to bypass tariffs and reduce reliance on Chinese materials while seeking addit
Samsung SDI reported a narrower-than-expected Q1 operating loss driven by strong energy storage sales and a Mercedes-Benz battery deal. Revenue rose 12.6%, pushing shares up as the company pivots to A
Samsung SDI signed a multi-year agreement to supply high-nickel NCM batteries to Mercedes-Benz for future electric SUVs and coupes, marking their first partnership with the automaker.
Samsung SDI secured a $1 billion cathode material supply pact with L&F Corp to bolster its North American energy storage systems (ESS) market presence.
Samsung SDI reported steady quarterly revenue and profit in its electronic materials segment during Q4, supported by continued investments in artificial intelligence technologies.
ChemBrief