08 SAMSUNG SDI SUSTAINABILITY REPORT 2023 BOuv seirnvei es ws
SUSTAINABILITY MANAGEMENT
SUSTAINABILITY MAIN THEMES
APPENDIX
OVERVIEW
CEO's Message
Company Overview
2030 Company Vision
Business Overview
Automotive Battery Business Summary
Market Outlook In 2022, the sustained pandemic, supply chain disruptions caused by the Russo-Ukraine war, and inflationary pressure stalled the growth of the overall automotive market. Still yet, xEV sales continued to increase to surpass 10% of total automotive sales. In Europe, tightening carbon emissions regulations drive the continuous growth of the xEV market while the IRA (Inflation Reduction Act) of the US is expected to spur the nation’s xEV mar- ket. In China, it is forecast that new energy vehicles will make up 30% of new vehicles in 2023. Global EV makers plan to launch a range of new EV models in line with the initiatives undertaken by key countries to phase out internal combustion engines. Naturally, the xEV market will maintain its growth momentum, with annual xEV sales exceeding 46 million by 2028 to account for nearly 46% of the total automobile market.
As the sales of xEVs continued to grow rapidly to account for over 10% of global automo- tive sales in 2022, Samsung SDI is leading the charge in the transition to xEVs by develop- ing innovative battery technology. We secure super-gap technology competitiveness and differentiate products to position ourselves as an xEV battery leader, and supply high-ef- ficiency, high-capacity Li-ion batteries to global automotive OEMs to help minimize the environmental impact of internal combustion engine vehicles. Application
Electric Vehicle (EV) We deploy materials that deliver optimal service life and high-capacity fea- tures and design optimized battery components to pursue innovation in extending the driving range of EVs. Plug-in Hybrid Electric Vehicle (PHEV) As it is essential to strike the right balance between energy density required for electric-mode driving and power density that supports the engine oper- ation, we are in constant search for the optimal point of balance by staying ahead of the competition in developing battery technology.
EV
Global xEV Battery Demand Outlook 1) xEV battery demand outlook (GWh)
PHEV
3,664
3,158
2,633
2,097
1,520
1,004
2023E
2024E
2025E
2026E
2027E
2028E
1) EV and PHEV combined * Source: Samsung SDI forecast (as of May 2023)
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