UPDATED. 2021-10-20 18:41 (수)
Samsung SDI reviewing splitting off battery business 
Samsung SDI reviewing splitting off battery business 
  • Stan Lee
  • 승인 2021.09.16 08:14
  • 댓글 0
이 기사를 공유합니다

Discussed recently in executive-level meeting 
To secure funds to expand battery business
Image: Samsung SDI
Image: Samsung SDI

Samsung SDI is reviewing potential ways to secure funding to invest in its battery business.

It is reviewing the possibility of splitting off the battery business, called Energy Solution business by the firm.

The plan was discussed in a recent meeting between key executives, sources within the company told TheElec.

This is the first time that Samsung SDI has discussed internally potentially splitting off its battery business.

The matter was the only thing that was discussed at the senior executive level meeting.

They haven’t finalized how they wish to split off the business or a time tablet, however, sources said.

Samsung SDI is planning to spend up to 2 trillion won this year in its production facilities.

However, it is in need of funding as it is in talks with companies such as Rivian and Stellantis on forming a joint venture to supply them with batteries.

Compatriots LG Energy Solution and SK Innovation are spending more than Samsung SDI in their battery businesses a year __ between 3 trillion won to 4 trillion won.

There was also an opposing voice during the meeting, the sources said, questioning whether splitting off the business was viable.

The decision will need approval from Samsung Group and funding wasn’t the only issue at hand, the sources said but didn’t elaborate on what the other issues are.

This likely means the plan will need approval from Samsung Electronics vice chairman Lee Jae-yong, the leader of the entire Samsung business group, which includes Samsung SDI.

Since Lee was freed on August 24, Samsung announced a 240 trillion won spending plan for the next three years, but battery was noticeably absent in the announcement.

Samsung SDI has throughout the years either transferred or ended its OLED and plasma display panel businesses. Since merging with Cheil Industries’ material business, it has focused on two main businesses __ battery and electronic materials.

Battery accounts for 77% of its sales as of last year. Splitting off this business and just leaving the electronic material business could face shareholders’ disapproval.

There was also a possibility that Samsung SDI could sell its electronic material business to secure funding, a separate group of people familiar with the matter said.

In 2019, Samsung SDI has sold its anisotropic conductive film business and restructured its electronic material R&D assets.

Materials for semiconductors and displays has sure customers in Samsung Electronics and Samsung Display. The electronic business could be sold at a high price with multiple companies likely to show interest to enter Samsung’s supply chain, the people said.

Internally at Samsung SDI, there was a worry that if they don’t invest in its battery business properly this year, they could lose out to rivals, the sources said.

However, the discussion will take time as it was a big matter and the company will likely continue to discuss it with Samsung Electronics Business Support TF.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2021 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트