Samsung SDI's Q2 Revenue Drops by Quarter... Q3 Also Facing Challenges
Published2024.08.02 14:01Samsung SDI recorded revenue of 4.5 trillion won and operating profit of 280.2 billion won in the second quarter of 2024, representing a decline of 24% and 38% respectively compared to the previous quarter. It is projected that a rebound in performance will be difficult in the third quarter as well due to factors such as inventory adjustments by customers.
Related news
Legislation of integrated bill to support fostering of used battery industry to be promoted within the year
The government announced that it will push for legislative enactment of an integrated bill within 2024, which stipulates key systems including a battery full-lifecycle traceability management system, recycled material certification scheme, and comprehensive performance evaluation of electric vehicle batteries prior to removal.
2024.07.11by 성유창 기자
Ministry of Environment inspects waste electrical and electronic product recycling facilities
The Ministry of Environment announced on the 11th that Minister Han Hwa-jin will visit the Seoul Metropolitan Resource Circulation Center (located in Yongin) in the afternoon, a home appliance recycling facility, to inspect the current status of safety management throughout the entire recycling process, including dismantling, separation, transportation, and storage of waste home appliances containing batteries.
2024.07.16by 성유창 기자
Schneider Enters North American Battery Market with Digital Motor Starter
Schneider Electric (Korea representative: Kim Kyung-rok), a global company leading digital innovation in energy management and automation, has successfully entered the North American battery market with its digital motor management system 'TeSys Island' in partnership with domestic enterprises.
2024.07.24by 배종인 기자
e4ds news, “Sharing Domestic and International SDV Trends and Software Implementation Insights”... Conference Registration Begins
A venue has been prepared where one can gain insights into industry changes that Software Defined Vehicle (SDV) will bring, global trends, and SDV software implementation.
2024.07.31by 성유창 기자
LG Ensol, 2Q operating profit drops sharply… Head-on breakthrough through adjusting the speed of expansion and expanding product lineup
LG Energy Solution (hereinafter LG Enersol) is facing a challenging 2024 due to various factors including the electric vehicle chasm and the upcoming U.S. presidential election; however, the company announced that it will continue its efforts toward the top of the battery industry through maximizing capacity utilization rates by adjusting expansion speed and expanding a differentiated product lineup.
2024.08.01by 성유창 기자
