Samsung SDI is experiencing a strong performance in the market, with shares rising over 7% after securing more than 4 trillion won in investment funds through the sale of its stake in Samsung Display. This surge is attributed to growing expectations for the expansion of its North American energy storage system (ESS) business.
As of 1:43 PM on the Korea Exchange, Samsung SDI shares were trading at 511,000 won, up 33,000 won (6.90%) from the previous trading day.
On August 21, Samsung SDI announced that it would transfer part of its stake in Samsung Display, amounting to 13,088,235 shares, for a total consideration of approximately 4.449 trillion won.
Market analysts view this stake sale as a concrete step toward securing the necessary funds for expanding its North American ESS business.
Park Jin-soo, a researcher at Shin Young Securities, stated, “This announcement indicates that the funding for expanding North American ESS battery production capacity (CAPA) has been solidified, which is positive. In the future, investments utilizing the proceeds from the sale will accelerate through synergy sales.”
He further projected that Samsung SDI's North American ESS battery production capacity will increase from approximately 30 GWh by the end of this year to over 50 GWh by the end of 2028.
Alongside Samsung SDI's strong performance, other secondary battery stocks are also rising. At the same time, LG Energy Solution is up 15.31%, while POSCO Future M and EcoPro BM have increased by 9.04% and 8.71%, respectively.
* This article has been translated by AI.
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