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Media Watch - NVX related, page-2099

  1. Gowatch
    1,708 Posts.
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    12/01/21
    10:13
    Post #: 50103774

    https://www.koreatimes.co.kr/www/tech/2021/01/133_302256.html

    11/01/2021

    In Europe, a core market for Samsung SDI, auto OEMs are under huge pressure to cut CO2 emissions and much of that will happen throughout this year with the high hopes that the COVID-19 pandemic will come under control.Powered by increasing battery and energy storage system (ESS)orders, SDI is set to report record profits during the fourth quarter of 2020.The company is expected to post over 300 billion won in operating profit, a1,500 percent surge in earnings from the same period of 2019. Earnings will be released later this month. Additionally its battery division is forecast to see its first surplus in the same quarter.


    Samsung SDI is expected to report 1.33 trillion won in operating profit throughout this year, up 12.5 percent from our earlier expectations. The revised outlook is thanks to better-than-expected EV battery demand and demand for battery-intensive energy storage systems," said LeeSoon-hak at Hanwha Investment.

    Last edited by Gowatch: 12/01/21
    NVX Price at posting: $1.60 Sentiment: Buy Disclosure: Held
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