Samsung SDI Sustainability Report 2023
SAMSUNG SDI SUSTAINABILITY REPORT 2023
08
□ CE
SUSTAINABILITY MANAGEMENT
SUSTAINABILITY MAIN THEMES
APPENDIX
Business Overview
OVERVIEW
CEO's Message
Company Overview
2030 Company Vision
Business
Overview
Automotive Battery
Business Summary
As the sales of XEVS continued to grow rapidly to account for over 10% of global automo-
tive sales in 2022, Samsung SDI is leading the charge in the transition to XEVs by develop-
ing innovative battery technology. We secure super-gap technology competitiveness and
differentiate products to position ourselves as an XEV battery leader, and supply high-ef-
ficiency, high-capacity Li-ion batteries to global automotive OEMS to help minimize the
environmental impact of internal combustion engine vehicles.
Application
EV
Electric Vehicle (EV)
We deploy materials that deliver optimal service life and high-capacity fea-
tures and design optimized battery components to pursue innovation in
extending the driving range of EVs.
Market Outlook
In 2022, the sustained pandemic, supply chain disruptions caused by the Russo-Ukraine
war, and inflationary pressure stalled the growth of the overall automotive market. Still
yet, XEV sales continued to increase to surpass 10% of total automotive sales. In Europe,
tightening carbon emissions regulations drive the continuous growth of the XEV market
while the IRA (Inflation Reduction Act) of the US is expected to spur the nation's XEV mar-
ket. In China, it is forecast that new energy vehicles will make up 30% of new vehicles in
2023. Global EV makers plan to launch a range of new EV models in line with the initiatives
undertaken by key countries to phase out internal combustion engines. Naturally, the xEV
market will maintain its growth momentum, with annual xEV sales exceeding 46 million
by 2028 to account for nearly 46% of the total automobile market.
SAMSUNG SDI
PRIMX
AUTOMOTIVE BATTERY CELL
PHEV
Plug-in Hybrid Electric Vehicle (PHEV)
As it is essential to strike the right balance between energy density required
for electric-mode driving and power density that supports the engine oper-
ation, we are in constant search for the optimal point of balance by staying
ahead of the competition in developing battery technology.
Global xEV Battery Demand Outlook¹)
XEV battery demand outlook (GWh)
3,664
3,158
2,633
2,097
1,520
1,004
2023E
2024E
2025E
2026E
2027E
2028E
1) EV and PHEV combined
* Source: Samsung SDI forecast (as of May 2023)View entire presentation