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    A006400   KR7006400006

SAMSUNG SDI CO., LTD.

(A006400)
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Samsung SDI to supply battery cells to EV startup Rivian

04/12/2021 | 10:37am EDT
Rivian introduces R1T all-electric pickup truck at LA Auto Show in Los Angeles

(Reuters) - Electric vehicle startup Rivian, backed by Amazon.com Inc and Ford Motor Co, said on Monday that South Korean manufacturer Samsung SDI Co Limited would supply battery cells for its vehicles.

Rivian, which aims to put an electric pickup and SUV in production this year, said it had been working with Samsung throughout the process of developing the battery cells.

"We're excited about the performance and reliability of Samsung SDI battery cells combined with our energy-dense module and pack design," said RJ Scaringe, chief executive officer of Rivian.

The U.S.-based startup has raised $8 billion since the start of 2019 and added $2.65 billion funding in an investment round led by T. Rowe Price in January.

The Tesla Inc rival has been in talks with bankers about its plans to go public and is aiming for an initial public offering in September at a valuation of about $50 billion or more, Bloomberg News reported earlier this year.

(Reporting by Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.45% 3291.61 Delayed Quote.1.52%
FORD MOTOR COMPANY 0.68% 11.82 Delayed Quote.34.47%
SAMSUNG ELECTRONICS CO., LTD. -0.49% 81900 End-of-day quote.1.11%
SAMSUNG SDI CO., LTD. 0.00% 642000 End-of-day quote.2.23%
SDI CORPORATION 7.88% 83.5 End-of-day quote.-14.97%
T. ROWE PRICE GROUP, INC. 0.42% 189.23 Delayed Quote.24.47%
TESLA, INC. 1.33% 672.37 Delayed Quote.-4.72%
All news about SAMSUNG SDI CO., LTD.
05/06Volkswagen CEO says European battery plans could include JVs, IPOs
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05/04MARKET CHATTER : South Korea Occupies Nearly 31% of Global Electric Vehicle Batt..
MT
04/30Vietnam's answer to Tesla has U.S. in its electric sights
RE
04/28Mining robot stranded on Pacific Ocean floor in deep-sea mining trial
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04/27Nomura Adjusts Samsung SDI's Price Target to 840,000 Won From 820,000 Won, Ke..
MT
04/27S.Korea stocks end lower on foreign outflows; focus on U.S. tech earnings, Fe..
RE
04/27SAMSUNG SDI  : Q1 Operating Profit $120 Mln, Up 147% From Year Earlier
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04/27Samsung sdi q1 operating profit 133 bln won, up 147% from year earlier
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04/26Nomura Adjusts Samsung SDI's Price Target to 820,000 Won From 930,000 Won, Ke..
MT
04/26S.Korean stocks gain on recovery hopes; eyes on corporate earnings, Fed
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More news
Financials
Sales 2021 13 978 B 12,6 B 12,6 B
Net income 2021 1 111 B 1,00 B 1,00 B
Net Debt 2021 2 720 B 2,45 B 2,45 B
P/E ratio 2021 39,7x
Yield 2021 0,16%
Capitalization 42 641 B 38 325 M 38 377 M
EV / Sales 2021 3,25x
EV / Sales 2022 2,68x
Nbr of Employees 24 718
Free-Float 75,1%
Chart SAMSUNG SDI CO., LTD.
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Samsung SDI Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SAMSUNG SDI CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 33
Average target price 859 848,48 KRW
Last Close Price 642 000,00 KRW
Spread / Highest target 63,6%
Spread / Average Target 33,9%
Spread / Lowest Target -50,9%
EPS Revisions
Managers and Directors
NameTitle
Young-Hyun Jun President, Chief Executive Officer & Director
Jong-sung Kim Chief Financial Officer
Hyeok Jang Vice President & Head-Research Institute
Yoon-Geun Kim Managing Director & Head-Compliance Support
Sung-Jae Kim Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG SDI CO., LTD.2.23%38 325
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INNOLUX CORPORATION89.72%8 655
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TIANMA MICROELECTRONICS CO., LTD.-8.62%5 168