As of 2022, Samsung SDI held a 5% global market share and was ranked sixth in the world. Approximately 90% of the company's revenue comes from energy solutions including automotive batteries, ESS and small-sized LIB. The company is investing heavily in capacity expansion and next-generation battery technologies to capture growing EV and energy storage markets.
Cyborg Score Rationale
Samsung SDI is projected to invest $9 billion in battery production capacity by 2030, aiming to achieve annual production capacity of 200 GWh, a significant increase from approximately 60 GWh current capacity. The company maintains strong R&D capabilities and global market presence, though competitive intensity in battery manufacturing remains high.
Top Insights
Energy solutions account for ~90% of revenue, heavily exposed to EV and ESS market growth
Planning $9B capex through 2030 to triple production capacity to 200 GWh
Maintains diversified revenue streams across IT, automotive, and industrial applications
Global manufacturing footprint across 31+ locations provides supply chain resilience
Named Competitors
CATL — Global market leader in lithium-ion batteries
BYD Batteries — Leading EV battery and automotive manufacturer
LG Energy Solution — Integrated battery and energy storage solutions
SK Innovation Batteries — Automotive and ESS battery specialist
Recent Developments
(October 2023) $9 billion capex investment announced to expand battery capacity to 200 GWh by 2030
(October 2023) Market capitalization at approximately $43 billion
(Q1 2023) 15% year-over-year revenue growth to 3.5 trillion KRW
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