South Korean EV battery producers release their financial results for Q1 2022

May 2022

South Korean EV battery producers, LG Energy Solution (LGES), Samsung SDI and SK, released their financial results for Q1 2022.

  • All three producers posted an increase in sales in Q1 2022 compared to the previous year.
  • The impact of rising raw material costs was reported to be limited to their Q1 profitability.
  • Samsung SDI showed a considerable improvement in profitability primarily driven by strong demand for Gen 5 batteries.


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