Recently, South Korea’s top three lithium battery manufacturers LG New Energy, Samsung SDI, and SKI announced their performance reports for the first quarter of this year. The report shows that all these companies have maintained year-on-year growth, with Samsung SDI having the slowest growth rate.
Although the performance of leading Korean lithium battery manufacturers seems to have made progress, it is not reflected in the performance report. The global new energy vehicle market maintained a high growth trend in the first quarter, and the global market grew significantly year on year.
In the first quarter, LG New Energy ranked second in global power battery installed capacity, and Samsung SDI and SKI ranked fifth and sixth respectively. Overall, Samsung SDI is relatively stable, but stability in the new energy vehicle market means a slower step.
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In addition, the large-scale recalls of electric vehicles announced by BMW and Ford in the fourth quarter of 2020 also dealt a blow to Samsung SDI. Allegedly, Samsung is the main supplier of BMW and Ford recalled electric vehicles.
The reason for the recall of the electric vehicles owned by the two major international car companies is that the Samsung SDI batteries onboard may be mixed with impurities during the production process, causing fires. Security Risk.
With reference to LG New Energy and Hyundai Motor’s shared responsibility for the cost of electric vehicle recalls, BMW and Ford announced a large-scale recall of electric vehicles and the replacement of batteries. Samsung SDI will also bear huge recall costs!
