Samsung SDI Co Ltd Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Won Suk Chung - iM Securities - Analyst : (spoken in foreign language) My name is Won Suk Chung from iM Securities. Can you shed some light on the joint venture agreement with GM that was announced at the end of August, in particular, how did GM, which had traditionally used pouches, decide to adopt the prismatic batteries? And are there any plans to expand into additional US locations? And do you also have any plans for capacity expansions as well?

Question: Woo-Hyung Cho - HSBC - Analyst : (interpreted) Thank you for the opportunity to ask you questions. My name is Woo-Hyung Cho from HSBC Securities. I actually have two questions. One question is related to the EV batteries for the North American market and the other for the European market. With the US potential election just around the corner, it seems that there is increased uncertainty related to EV policies. So I'm wondering as you've mentioned, that SPE will be operational ahead of schedule in Q4. This was mentioned during the presentation. So what are the projected timelines for each production line going forward? Or so -- what are the AMPC figures for Q4 this year and for 2025 after operations begin. And as for the European market, it seems that there's going to be accelerated electrification taking place on the European continent. So with the European EV demand, which accounts for a large proportion of SDIs automotive battery sales slowing down this year, what is SDIs outlook for European market demand and sales next year?