Technology

Samsung SDI Q3 net income jumps 74.7% on robust EV battery sales

Samsung SDI Q3 net income jumps 74.7% on robust EV battery sales

Samsung SDI Co., a South Korean battery maker, said Tuesday its third-quarter net profit jumped 74.7 percent from a year earlier backed by robust sales in electric vehicle (EV) batteries. Net income reached 420.4 billion won ($357.6 million) in the July-September period, compared with 240.6 billion won from a year earlier, the company said in a regulatory filing.

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