Samsung SDI CEO Promises Second-Half Turnaround, Updates on Solid-State and Sodium Batteries at AGM
Samsung SDI CEO Joo Sun Choi outlined a second-half turnaround strategy at the company's 56th AGM, targeting quarterly profitability and highlighting next-generation battery technologies.
- Quarterly profit by H2 2026
- 2027
What Happened
At the 56th Annual General Meeting of Shareholders in Seoul, Samsung SDI president and CEO Joo Sun Choi said the global battery market is expected to accelerate growth starting this year due to AI expansion. He set a goal of returning to quarterly profitability in the second half of the year and emphasized building long-term growth foundations through diversified orders for EVs, ESS, and robotics. Shareholders approved all six agenda items, including financial statements and director appointments.
“We will make this year the first year of our earnings turnaround, with the goal of returning to quarterly profitability in the second half of the year.”
- All-solid-state batteries: targeting mass production in 2027 for humanoid robots and EVs
- Sodium-ion batteries: reviewing initial application in UPS systems
- Lithium-l batteries: proactively securing technological capabilities
- LFP and mid-nickel batteries: preparing products for broader customer portfolio
Why this matters
Samsung SDI's plans for all-solid-state and sodium-ion batteries signal progress toward safer, more efficient energy storage for EVs, robotics, and backup power.
Terms in This Story
- all-solid-state battery
- A battery that uses solid electrodes and a solid electrolyte instead of liquid, offering higher energy density and safety.
- prismatic battery
- A rectangular-shaped battery cell often used in EVs and energy storage for efficient space utilization.
- sodium-ion battery
- A rechargeable battery that uses sodium ions instead of lithium, potentially offering lower cost and more abundant materials.
- lithium-l battery
- A next-generation battery chemistry being explored for improved performance, details under development.
Summarised from the linked release; details can be imperfect — always verify against the original source.