CEO Choi outlines second‑half turnaround goals and strategies to build long‑term growth momentum through a diversified order portfolio
Highlighting strategies for next‑generation key technologies, including all‑solid‑state, sodium‑ion and lithium‑l batteries
Choi expresses confidence in prismatic and all‑solid‑state technologies backed by company’s patent leadership
Approval of all six agenda items, including financial statements, partial amendments to the articles of associations and the appointment of directors
SAMSUNG SDI announced today that it held the 56th Annual General Meeting of Shareholders in Seoul, attended by individual shareholders, institutional investors, and key executives including president and CEO Joo Sun Choi.
Chairing the meeting, Choi said "With the expansion of downstream industries such as AI, the global battery market is expected to accelerate its growth starting this year." He added, "We will make this year the first year of our earnings turnaround, with the goal of returning to quarterly profitability in the second half of the year."
“In addition to improving short‑term performance, we will also focus on securing mid‑ to long‑term growth foundations,” Choi said, highlighting preparations for lithium iron phosphate (LFP) and mid‑nickel (Mid‑Ni) battery products, the development of high‑power and lightweight small batteries, and continued investment in semiconductor packaging materials and OLED materials.
He added, “Based on these differentiated technologies, we will expand our customer portfolio while securing mid- to long-term growth momentum by diversifying orders not only for electric vehicles and ESS but also for applications such as robotics.”
Choi also provided an update on next-generation battery technologies. "We are aiming for mass production of all-solid-state batteries next year and are pursuing supply opportunities for applications such as humanoid robots and electric vehicles," he said. "For sodium batteries, we are reviewing initial application in UPS (uninterruptible power supply) systems, and we are also proactively securing technological capabilities for lithium-l batteries.”
Emphasizing efforts to maintain technological leadership through patent‑driven management, Choi said, “We will continue to discover and strengthen patents for key battery technologies, including prismatic and all‑solid‑state batteries, to build a best‑in‑class patent portfolio.”
In closing, Choi reflected on the challenges facing the industry. "The reality I felt on the ground after assuming this role was like a ruthless survival game," he said. "The conclusion we reached on how to win this fierce battle is ultimately 'technology'."
At the meeting, shareholders approved all six agenda items, including the approval of financial statements, amendments to the articles of association, the appointment of directors, the appointment of directors as audit committee members, the election of audit committee members and the approval of the remuneration limit for directors.
The amendments to the articles of association included revisions to several provisions to reflect the intent of the recently revised Commercial Act.
Since 2021, SAMSUNG SDI has implemented an electronic voting system that allows shareholders to exercise their voting rights without attending the meeting in person. The company also provides a live online broadcast for shareholders who are unable to attend the meeting on-site upon prior registration.
