Morningstar: Samsung SDI's profitability may be affected by the sluggish demand for electric vehicles.
Vincent Sun, an analyst at Morningstar, wrote in a report that Samsung SDI's profitability may come under pressure due to slowing demand for electric vehicles. The analyst currently predicts that the South Korean battery manufacturer will experience an operating loss of 398 billion Korean won in 2025, compared to the previous expected profit of 181 billion Korean won. He has revised down the operating profit expectations for the company from 2026 to 2029 by 3% to 10%. He has also lowered the revenue forecast for the years 2025 to 2029 by 6% to 8% due to weak demand for electric vehicle batteries. Despite lower-than-expected growth in electric vehicle sales, he mentioned that the company may still continue to expand capacity in the United States to balance out the impact of tariffs.
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