{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","ticker":"006400.KS","updated_at":"2026-07-12T04:11:30.739+00:00","canonical":"https://valuechain.wiki/samsung-sdi","same_as":["https://finance.yahoo.com/quote/006400.KS","https://finance.naver.com/item/main.naver?code=006400"],"citable":"밸류체인 그래프 기준 삼성SDI의 직접 연결 기업은 15곳(관계 기준 공급 13·매출 2)이고, 사슬을 2차까지 넓히면 19곳에 닿는다. 링크의 근거 출처는 34건이며 그중 1차공시가 4건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Samsung SDI is directly linked to 15 companies (13 supply, 2 revenue relationships) and reaches 19 companies within two hops; the links are backed by 34 dated sources, 4 of them primary filings (as of 2026-07-12).","kicker":"독일 프리미엄차에 각형 배터리 대는 K배터리","kicker_en":"Prismatic-cell maker to Germany's premium EVs","lead":"삼성SDI는 전기차용 각형·원통형 배터리와 ESS, 소형전지, 전자재료를 만드는 국내 2차전지 기업이다. 2025년 연결 매출은 13조2,667억원으로 줄었고 영업손실 1조7,224억원을 기록했다. 매출의 약 95퍼센트가 전지 부문에서 나오며 BMW·아우디·벤츠 등 독일 프리미엄 완성차가 핵심 고객이다.","lead_en":"Samsung SDI is a Korean battery maker producing prismatic and cylindrical EV cells, ESS, small-format cells and electronic materials. FY2025 consolidated revenue fell to KRW 13.27 trillion with an operating loss of KRW 1.72 trillion. About 95 percent of revenue comes from the battery segment, with BMW, Audi and Mercedes-Benz as core customers.","segments":{"parts":[{"desc":"매출 본체. 독일 프리미엄 3사·현대차·GM JV향 하이니켈 각형·46파이 원통형 셀.","name":"자동차전지 (각형·46파이 원통형)"},{"desc":"메가팩·파워월용 — 테슬라 ESS(약 21억 달러)·엘앤에프 LFP 양극재로 확장.","name":"ESS"},{"desc":"IT·전동공구용 원통형 셀.","name":"소형전지"},{"desc":"반도체·디스플레이 소재 — 전지 외 수익원.","name":"전자재료"}],"total":"FY2025 매출 ₩13.27조 (영업손실 ₩1.72조)","concentration":"전지 부문 약 95%, 독일 프리미엄 3사 집중"},"segments_en":{"parts":[{"desc":"The revenue core: high-nickel prismatic and 46-series cylindrical cells for Germany's premium trio, Hyundai and the GM JV.","name":"Automotive (prismatic & 46-series cylindrical)"},{"desc":"For Megapack/Powerwall — expanding via Tesla ESS (~$2.1B) and L&F LFP cathode.","name":"ESS"},{"desc":"Cylindrical cells for IT and power tools.","name":"Small cells"},{"desc":"Semiconductor/display materials — a revenue source beyond batteries.","name":"Electronic materials"}],"total":"FY2025 revenue ₩13.27tn (op. loss ₩1.72tn)","concentration":"Battery ≈95% of revenue; concentrated on Germany's premium trio"},"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":11.3},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":1,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":1,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}}],"benefiting":[{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","tier":1,"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6}},{"slug":"asahi-kasei","name":"Asahi Kasei","name_en":"Asahi Kasei","tier":1,"returns_yearly":{"2021":-1.1,"2022":-9.3,"2023":18.7,"2024":-2.9,"2025":47.1,"2026":24.6}},{"slug":"umicore","name":"유미코아","name_en":"Umicore","tier":1,"returns_yearly":{"2021":-27.5,"2022":5.9,"2023":-37.1,"2024":-51.4,"2025":111.6,"2026":2.4}},{"slug":"lotte-energy-materials","name":"롯데에너지머티리얼즈","name_en":"Lotte Energy Materials","tier":1,"returns_yearly":{"2021":31.5,"2022":-32.9,"2023":-49.3,"2024":-30,"2025":75.8,"2026":-8.4}},{"slug":"skc","name":"SKC","name_en":"SKC","tier":1,"returns_yearly":{"2021":18.1,"2022":-31.9,"2023":-19.7,"2024":104.3,"2025":-25.4,"2026":-19.2}},{"slug":"landf","name":"엘앤에프","name_en":"L&F","tier":1,"returns_yearly":{"2021":139.2,"2022":22.4,"2023":-30.3,"2024":-38.6,"2025":43.4,"2026":-20.4}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":1,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}},{"slug":"posco-future-m","name":"포스코퓨처엠","name_en":"POSCO Future M","tier":1,"returns_yearly":{"2021":-17.7,"2022":97.6,"2023":16.3,"2024":-43.6,"2025":56.5,"2026":-32}},{"slug":"advanced-nano-products","name":"나노신소재","name_en":"Advanced Nano Products","tier":1,"returns_yearly":{"2021":56.8,"2022":66.4,"2023":13.9,"2024":-30.9,"2025":5.5,"2026":-32.8}},{"slug":"chunbo","name":"천보","name_en":"Chunbo","tier":1,"returns_yearly":{"2021":40.4,"2022":-7.3,"2023":-65,"2024":-55.6,"2025":59.1,"2026":-37.6}},{"slug":"pnt","name":"피엔티","name_en":"PNT (People & Technology)","tier":1,"returns_yearly":{"2021":62.2,"2022":11.6,"2023":-17.8,"2024":12.2,"2025":31.1,"2026":-39.8}},{"slug":"ecopro-bm","name":"에코프로비엠","name_en":"EcoPro BM","tier":1,"returns_yearly":{"2021":79.2,"2022":23.9,"2023":113.5,"2024":-38.6,"2025":77.1,"2026":-47.6}},{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","tier":2,"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6}},{"slug":"posco-holdings","name":"POSCO홀딩스","name_en":"POSCO Holdings","tier":2,"returns_yearly":{"2021":13.9,"2022":19.9,"2023":43,"2024":-37.3,"2025":38.3,"2026":-8.8}},{"slug":"albemarle","name":"Albemarle","name_en":"Albemarle","tier":2,"returns_yearly":{"2021":59.8,"2022":-6.6,"2023":-32.8,"2024":-39.5,"2025":67.7,"2026":-10.4}},{"slug":"lotte-chemical","name":"롯데케미칼","name_en":"Lotte Chemical","tier":2,"returns_yearly":{"2021":-22.5,"2022":-3.6,"2023":-24.4,"2024":-56.1,"2025":50.1,"2026":-25.4}},{"slug":"ecopro-materials","name":"에코프로머티리얼즈","name_en":"EcoPro Materials","tier":2,"returns_yearly":{"2024":-52.5,"2025":-4.9,"2026":-43.6}},{"slug":"itochu","name":"이토추상사","name_en":"Itochu","tier":3,"returns_yearly":{"2021":25.6,"2022":17.9,"2023":66.6,"2024":9.1,"2025":40.8,"2026":-3.4}},{"slug":"ecopro","name":"에코프로","name_en":"Ecopro","tier":3,"returns_yearly":{"2021":-5.1,"2022":94.5,"2023":309.5,"2024":-39.2,"2025":172.1,"2026":-47.1}}],"analysis":"전기차용 각형·원통형 배터리와 ESS·소형전지·전자재료를 만드는 K배터리로, 매출의 약 95%가 전지에서 나오고 BMW·아우디·벤츠 등 독일 프리미엄 완성차가 핵심 고객인 '프리미엄 편중' 구조다. 2025년 연결매출 13.27조원으로 줄고 영업손실 1.72조원을 낸 것은 전기차 캐즘의 직격이지만, 2026년 벤츠 첫 계약(추산 10조원)으로 독일 3사를 모두 확보하고 현대차(2026~2032 약 50만 대)·GM JV(2027~)·테슬라 ESS(약 21억 달러)로 고객·용도를 넓혔다. 원가 축은 양극재(에코프로비엠 43.87조·포스코퓨처엠 40조 장기계약)·분리막·전해액으로 국내 소재사에 깊게 물려 있어, 이 노드의 회복이 K배터리 소재 체인 전체로 파급된다. 관전 포인트는 각형·46파이 원통형 양산 램프와 ESS(LFP) 다변화가 적자를 흑자로 돌리는 시점이다.","analysis_en":"A K-battery maker of prismatic/cylindrical EV cells, ESS, small-format cells and electronic materials, where ~95% of revenue is battery and BMW, Audi and Mercedes-Benz anchor a 'premium-concentrated' customer base. FY2025 consolidated revenue fell to KRW 13.27tn with a KRW 1.72tn operating loss — a direct hit from the EV demand lull — but a first Mercedes contract in 2026 (est. KRW 10tn) captured all three German premium makers, and it broadened customers/uses via Hyundai (2026-2032, ~500k vehicles), the GM JV (from 2027) and Tesla ESS (~$2.1B). Its cost axis — cathode (long-term deals: EcoPro BM KRW 43.87tn, POSCO Future M KRW 40tn), separators, electrolyte — is deeply tied to Korean materials makers, so this node's recovery ripples across the whole K-battery materials chain. The watch point is when the prismatic/46-series cylindrical ramp and ESS (LFP) diversification turn losses into profit.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"현대자동차","counterparty_slug":null,"confidence":"high","metric":{"type":"volume","unit":"vehicles","as_of":"2023-10-23","basis":"약 50만 대분","value":500000,"period":"2026~2032","basis_en":"~500,000 vehicles"},"note":"양사 첫 배터리 공급계약(2023년 발표), 2026~2032년. 6세대 각형 P6(니켈 91% NCA) 셀을 헝가리 괴드에서 유럽 공장으로 공급.","note_en":"First battery deal between the two (announced 2023), supply 2026–2032. 6th-gen prismatic P6 (91% Ni NCA) cells from Göd, Hungary.","sources":[{"stance":"confirms","publisher":"삼성SDI 뉴스룸","publisher_en":"Samsung SDI Newsroom","kind":"ir","lang":"en","published_at":"2023-10-23","url":"https://news.samsungsdi.com/global/articleView?seq=34","title":"삼성SDI·현대차, 첫 EV 배터리 공급계약","title_en":"Samsung SDI, Hyundai Motor Clinch First Supply Deal for EV Batteries","excerpt":"P6 prismatic, produced in Hungary, for Europe","excerpt_en":"P6 prismatic, produced in Hungary, for Europe"},{"stance":"confirms","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2023-10-23","url":"https://www.kedglobal.com/batteries/newsView/ked202310230001","title":"삼성SDI, 현대차와 첫 배터리 공급계약","title_en":"Samsung SDI inks first battery supply deal with Hyundai","excerpt":"2026–2032 term, ~500,000-vehicle volume","excerpt_en":"2026–2032 term, ~500,000-vehicle volume"}]},{"direction":"cost","counterparty":"롯데에너지머티리얼즈","counterparty_slug":"lotte-energy-materials","confidence":"high","metric":{"type":"share","unit":"%","as_of":"2024-08-26","basis":"미국 공장 동박 전량 공급","value":100,"period":"StarPlus 1공장","basis_en":"100% of US-plant copper foil"},"note":"삼성SDI 첫 미국 공장(인디애나 코코모 StarPlus)에 동박 100% 공급. 약 1년 인증을 통과한 유일한 동박업체.","note_en":"Supplies 100% of copper foil to Samsung SDI's first US plant (StarPlus, Kokomo); sole foil maker to pass its ~1-yr qualification.","sources":[{"stance":"confirms","publisher":"한국경제","publisher_en":"Korea Economic Daily","kind":"news","lang":"ko","published_at":"2024-08-26","url":"https://www.hankyung.com/article/2024082667801","title":"롯데에너지머티, 삼성SDI 美공장에 동박 공급","title_en":"Lotte Energy Materials to supply copper foil to Samsung SDI US plant","excerpt":"삼성SDI 美공장에 동박 공급","excerpt_en":"supplies copper foil to Samsung SDI US plant"},{"stance":"confirms","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2024-08-26","url":"https://www.kedglobal.com/batteries/newsView/ked202408260010","title":"롯데에너지, 삼성SDI-스텔란티스 JV에 동박 공급","title_en":"Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV","excerpt":"100% of foil; sole qualified supplier","excerpt_en":"100% of foil; sole qualified supplier"}]},{"direction":"cost","counterparty":"에코프로비엠","counterparty_slug":"ecopro-bm","confidence":"high","metric":{"type":"contract_value","unit":"KRW trillion","as_of":"2023-12-01","basis":"NCA 양극재 공급계약","value":43.87,"period":"2024~2028","basis_en":"NCA cathode supply contract"},"note":"하이니켈 NCA 양극재 5년 장기 공급계약(2024~2028), 43.87조원. 양사는 JV 에코프로이엠(삼성SDI 40%)도 보유한다.","note_en":"Five-year high-nickel NCA cathode supply contract for 2024-2028 worth KRW 43.87tn. The pair also share the EcoPro EM JV (Samsung SDI 40%).","sources":[{"stance":"confirms","publisher":"에코프로비엠","publisher_en":"EcoPro BM","kind":"filing","lang":"ko","published_at":"2025-11-14","url":"https://kind.krx.co.kr/external/2025/11/14/000821/20251114001819/11013.htm","title":"분기보고서 (2025년 3분기)","title_en":"Quarterly report (Q3 2025)","excerpt":"계약 목적 및 내용: 하이니켈계 NCA 양극소재 공급계약 / 계약기간 2024.01.01 ~ 2028.12.31 / 계약금액 43,867,615,524,480원","excerpt_en":"Purpose: supply of high-nickel NCA cathodes / term: 2024-01-01 to 2028-12-31 / contract value: KRW 43,867,615,524,480"},{"stance":"confirms","publisher":"뉴스핌","publisher_en":"Newspim","kind":"filing","lang":"ko","published_at":"2023-12-04","url":"https://www.newspim.com/news/view/20231204000050","title":"에코프로비엠, 삼성SDI에 44조원 양극재 공급계약","title_en":"EcoPro BM signs KRW 44tn cathode supply deal with Samsung SDI","excerpt":"2024년부터 2028년까지 ... 2025년부터는 현지에서 삼성SDI 헝가리 공장에 공급","excerpt_en":"2024–2028; from 2025 supplied locally to Samsung SDI Hungary plant"},{"stance":"confirms","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2023-12-03","url":"https://www.kedglobal.com/batteries/newsView/ked202312030001","title":"에코프로비엠, 삼성SDI에 양극재 공급 34조원 잭팟","title_en":"EcoPro BM hits $34 billion jackpot to supply cathodes to Samsung SDI","excerpt":"$34bn / 2024–2028 / NCA cathode","excerpt_en":"$34bn / 2024–2028 / NCA cathode"}]},{"direction":"cost","counterparty":"포스코퓨처엠","counterparty_slug":"posco-future-m","confidence":"high","metric":{"type":"contract_value","unit":"조원(KRW trillion)","as_of":"2023-01-30","basis":"하이니켈 NCA 양극재 장기공급계약 총액","value":40,"period":"2023–2032 (10년)","basis_en":"Total value of 10-year high-nickel NCA cathode supply contract"},"note":"포스코퓨처엠으로부터 2023~2032년 10년간 전기차용 하이니켈 NCA 양극재 약 40조원 규모를 공급받는 계약을 2023년 1월 체결했다. 에코프로비엠·엘앤에프·유미코아에 이어 양극재 조달처를 다변화한 창사급 대형 계약이다.","note_en":"Samsung SDI signed a 10-year (2023~2032) contract in January 2023 to source about KRW 40tn of high-nickel NCA cathodes from POSCO Future M, diversifying cathode sourcing beyond EcoPro BM, L&F and Umicore.","sources":[{"stance":"confirms","publisher":"POSCO Group Newsroom","publisher_en":"POSCO Group Newsroom","kind":"ir","lang":"en","published_at":"2023-02-15","url":"https://newsroom.posco.com/en/posco-chemical-lands-40-trillion-krw-cathode-materials-supply-contract-for-samsung-sdis-batteries/","title":"POSCO Chemical lands 40 trillion KRW cathode materials supply contract for Samsung SDI batteries","title_en":"POSCO Chemical lands 40 trillion KRW cathode materials supply contract for Samsung SDI batteries","excerpt":"It has signed a contract to supply high-nickel NCA cathode materials for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. This contract, which is worth 40 trillion KRW, is the largest and longest-term order POSCO Chemical has landed since its foundation.","excerpt_en":"It has signed a contract to supply high-nickel NCA cathode materials for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. This contract, which is worth 40 trillion KRW, is the largest and longest-term order POSCO Chemical has landed since its foundation."},{"stance":"confirms","publisher":"포스코그룹 뉴스룸","publisher_en":"POSCO Group Newsroom","kind":"ir","lang":"ko","published_at":"2023-01-30","url":"https://newsroom.posco.com/kr/포스코케미칼-삼성sdi-배터리용-양극재-40조-원-수주/","title":"포스코케미칼, 삼성SDI 배터리용 양극재 40조 원 수주","title_en":"POSCO Chemical wins KRW 40tn Samsung SDI cathode order","excerpt":"포스코케미칼은 올해부터 2032년까지 10년간 삼성SDI에 전기차 배터리용 하이니켈 NCA 양극재를 공급하는 계약을 체결했다고 30일 공시했다. 40조원 규모의 이번 계약은 포스코케미칼 창사 이래 최대 규모이자 최장 기간의 수주다.","excerpt_en":"POSCO Chemical disclosed on the 30th a contract to supply high-nickel NCA cathodes to Samsung SDI for 10 years (2023–2032); the KRW 40tn deal is its largest and longest order ever."},{"stance":"confirms","publisher":"뉴시스","publisher_en":"Newsis","kind":"news","lang":"ko","published_at":"2023-01-30","url":"https://www.newsis.com/view/?id=NISX20230130_0002174545","title":"포스코케미칼, 삼성SDI에 배터리 양극재 공급…40조 '사상최대'","title_en":"POSCO Chemical to supply Samsung SDI battery cathodes in record KRW 40tn deal","excerpt":"포스코케미칼은 올해부터 2032년까지 10년간 삼성SDI에 전기차 배터리용 하이니켈 NCA 양극재 공급 계약을 체결했다고 30일 공시했다. 이번 계약은 40조원 규모로 포스코케미칼 창사 이래 최대 규모이자 최장 기간의 수주다.","excerpt_en":"POSCO Chemical disclosed on the 30th a contract to supply high-nickel NCA cathodes for EV batteries to Samsung SDI for 10 years through 2032; at KRW 40tn it is the largest and longest order since its founding."}]},{"direction":"revenue","counterparty":"Mercedes-Benz","counterparty_slug":null,"confidence":"high","metric":{"type":"deal_value","unit":"KRW trillion","as_of":"2026-04-20","basis":"업계 추산(회사 미공시)","value":10,"period":"다년","basis_en":"industry estimate (not company-disclosed)"},"note":"2026년 4월 첫 배터리 공급계약 체결. 차세대 EV 플랫폼용 하이니켈 NCM 각형 셀 다년 공급. 독일 프리미엄 3사 모두 확보.","note_en":"First-ever supply contract signed April 2026 for multi-year high-nickel NCM prismatic cells; completes capture of all three German premium makers.","sources":[{"stance":"mentions","publisher":"전자신문","publisher_en":"ETNews","kind":"news","lang":"ko","published_at":"2026-04-21","url":"https://www.etnews.com/20260421000236","title":"삼성SDI, 벤츠 배터리 공급 소식에 상승세","title_en":"Samsung SDI rises on Mercedes EV battery supply news","excerpt":"벤츠 전기차 배터리 공급","excerpt_en":"Mercedes EV battery supply"},{"stance":"confirms","publisher":"파이낸셜뉴스","publisher_en":"Financial News","kind":"news","lang":"ko","published_at":"2026-04-20","url":"https://www.fnnews.com/news/202604201414239153","title":"벤츠, 삼성SDI와 첫 배터리 계약","title_en":"Mercedes signs first battery deal with Samsung SDI","excerpt":"다년 계약을 공식 체결 ... 업계에서는 약 10조원에 달할 것으로 추산","excerpt_en":"multi-year contract officially signed; industry estimates ~KRW 10tn"}]},{"direction":"cost","counterparty":"엘앤에프","counterparty_slug":"landf","confidence":"high","metric":{"type":"contract_value","unit":"KRW trillion","as_of":"2026-03-24","basis":"ESS용 LFP 양극재 공급계약","value":1.6,"period":"2027~2029","basis_en":"ESS LFP cathode supply contract"},"note":"ESS용 LFP 양극재 공급계약, 약 1.6조원, 2027~2029년. 비중국 업체 최초의 대규모 LFP 양극재 공급으로 평가.","note_en":"LFP cathode for ESS, ~KRW 1.6tn, 2027–2029; described as the first large-scale LFP cathode supply by a non-Chinese firm.","sources":[{"stance":"confirms","publisher":"아주경제","publisher_en":"Aju Business Daily","kind":"news","lang":"ko","published_at":"2026-03-24","url":"https://www.ajunews.com/view/20260324110958252","title":"삼성SDI-엘앤에프, 1.6조원 ESS용 양극재 공급계약","title_en":"Samsung SDI-L&F sign KRW 1.6tn ESS cathode supply contract","excerpt":"1.6조원 규모 ESS용 양극재 공급계약 체결","excerpt_en":"signed KRW 1.6tn ESS cathode supply deal"},{"stance":"confirms","publisher":"코리아헤럴드","publisher_en":"The Korea Herald","kind":"news","lang":"en","published_at":"2026-03-24","url":"https://www.koreaherald.com/article/10701581","title":"삼성SDI, 엘앤에프와 1.6조 양극재 계약","title_en":"Samsung SDI signs W1.6tr cathode deal with L&F in ESS push","excerpt":"three years from 2027 ... world's first large-scale LFP cathode material supply agreement by a non-Chinese company","excerpt_en":"three years from 2027 ... world's first large-scale LFP cathode material supply agreement by a non-Chinese company"},{"stance":"confirms","publisher":"엘앤에프","publisher_en":"L&F","kind":"ir","lang":"ko","published_at":"2026-03-24","url":"https://www.landf.co.kr/company/hong_7.html?action=read&board_db=news&column=&keyword=&n=&num=261&page=1","title":"엘앤에프, 삼성SDI와 1.6조원 규모 LFP 중장기 공급계약 체결…중국 외 ‘최초’","title_en":"L&F signs KRW 1.6tn mid- to long-term LFP supply deal with Samsung SDI, first outside China","excerpt":"이번 계약 규모는 1.6조원이며, 2027년부터 2029년까지 3년간 확정 물량에 추가 3년의 공급 옵션이 포함된 구조다.","excerpt_en":"The deal size is KRW 1.6tn, with committed volume for 2027-2029 plus a three-year supply option."}]},{"direction":"revenue","counterparty":"BMW Group","counterparty_slug":null,"confidence":"high","metric":{"basis":"장기 최대 고객, 계약 금액 비공개","basis_en":"long-standing top customer, value undisclosed","qualifier":"sole_source"},"note":"2009년부터 이어진 최대 고객. 각형 하이니켈 셀과 46파이 원통형 셀(Neue Klasse용)을 헝가리 괴드에서 공급.","note_en":"Largest and oldest customer (since 2009). Supplies prismatic high-nickel and 46-series cylindrical cells (for Neue Klasse) from Göd, Hungary.","sources":[{"stance":"confirms","publisher":"BMW그룹","publisher_en":"BMW Group","kind":"ir","lang":"en","published_at":"2025-10-15","url":"https://www.press.bmwgroup.com/usa/article/detail/T0453702EN_US/","title":"BMW그룹·솔리드파워, 삼성SDI 전고체 협력 합류","title_en":"BMW Group and Solid Power take next step in ASSB development: Samsung SDI joins","excerpt":"Samsung SDI supplies ASSB cells ... BMW develops modules and packs","excerpt_en":"Samsung SDI supplies ASSB cells ... BMW develops modules and packs"},{"stance":"confirms","publisher":"코리아헤럴드","publisher_en":"The Korea Herald","kind":"news","lang":"en","published_at":"2025-03-20","url":"https://www.koreaherald.com/article/10454372","title":"삼성SDI, 46파이 원통형 양산 본격화","title_en":"Samsung SDI fast-tracks 46-series cylindrical battery production","excerpt":"46-series cylindrical mass production","excerpt_en":"46-series cylindrical mass production"}]},{"direction":"cost","counterparty":"동화일렉트로라이트","counterparty_slug":null,"confidence":"high","metric":{"basis":"주력 captive 공급사, 계약 금액 비공개","basis_en":"primary captive supplier, value undisclosed","qualifier":"sole_source"},"note":"리튬이온 배터리 전해액을 생산해 상당 부분을 삼성SDI에 공급하는 오랜 핵심 공급사.","note_en":"Long-standing primary electrolyte supplier, sending most of its output to Samsung SDI.","sources":[{"stance":"confirms","publisher":"아시아경제","publisher_en":"Asia Economy","kind":"news","lang":"ko","published_at":"2024-01-04","url":"https://www.asiae.co.kr/article/2024010413214052528","title":"[배터리완전정복] IRA 수혜주 전해액","title_en":"Battery deep-dive: electrolyte, an IRA beneficiary","excerpt":"동화일렉트로라이트는 전해액 대부분을 삼성SDI에 공급","excerpt_en":"Dongwha supplies most of its electrolyte to Samsung SDI"}]},{"direction":"cost","counterparty":"천보","counterparty_slug":"chunbo","confidence":"high","metric":null,"note":"삼성SDI가 천보 전해액 첨가제의 최대 고객이다. 전해질염과 기능성 첨가제를 공급한다.","note_en":"Samsung SDI is the largest customer for Chunbo's electrolyte additives, buying electrolyte salts and functional additives.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"en","published_at":"2021-01-25","url":"https://www.thelec.net/news/articleView.html?idxno=2238","title":"천보, 전해질 생산 두 배로 확대","title_en":"Chunbo to double electrolyte production","excerpt":"천보는 LG에너지솔루션·삼성SDI·SK이노베이션·CATL과 일본 센트럴글라스에 LiPO2F2 등 전해질염과 첨가제를 공급하며, 삼성SDI가 첨가제 최대 고객이다.","excerpt_en":"Chunbo supplies LiPO2F2 and other salts and additives to LG Energy Solution, Samsung SDI, SK Innovation, CATL and Japan's Central Glass, with Samsung SDI the main additives customer."}]},{"direction":"revenue","counterparty":"제너럴 모터스","counterparty_slug":"general-motors","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"GM과의 미국 배터리 JV(뉴칼라일, 약 $3.5B) — NCA 각형 셀 공급 예정(2027~).","note_en":"US battery JV with GM (~$3.5B, New Carlisle); NCA prismatic cells from 2027.","sources":[{"stance":"confirms","publisher":"삼성SDI","publisher_en":"Samsung SDI","kind":"ir","lang":"en","published_at":"2024-08-28","url":"https://www.samsungsdi.com/sdi-now/sdi-news/3942.html","title":"삼성SDI·GM, 미국 배터리 합작법인 확정","title_en":"Samsung SDI and GM finalize US battery JV","excerpt":"Samsung SDI and GM finalize agreement to establish a ~$3.5B battery JV in Indiana.","excerpt_en":"Samsung SDI-GM $3.5B Indiana battery JV."}]},{"direction":"cost","counterparty":"코스모신소재","counterparty_slug":"cosmo-advanced-materials-technology","confidence":"high","metric":{"basis":"양극활물질 매입, 금액 비공개","basis_en":"cathode purchase, value undisclosed","qualifier":"confirmed_no_disclosed_value"},"note":"코스모신소재로부터 NCM 양극활물질(ESS·소형전지용 NCM523)을 공급받는다. 2025년 3분기 코스모 양극재 물량의 약 80% 비중.","note_en":"Buys NCM cathode active material (NCM523 for ESS and small cells) from Cosmo AM&T; about 80% of Cosmo's cathode volume in Q3 2025.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-06-02","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260602000342","title":"코스모신소재 사업보고서 (2025.12)","title_en":"Cosmo AM&T Annual Business Report (FY2025)","excerpt":"양극활물질 주요 매출처에 삼성SDI 포함.","excerpt_en":"Samsung SDI is among Cosmo AM&T's main cathode customers."}]},{"direction":"cost","counterparty":"Umicore","counterparty_slug":"umicore","confidence":"mid","metric":{"type":"volume","unit":"tonnes","as_of":"2019-10-28","basis":"NMC 양극활물질 전략 공급(2019년 발표)","value":80000,"period":"2020~","basis_en":"NMC cathode strategic supply (announced 2019)"},"note":"벨기에 유미코어가 고성능 NMC 양극활물질을 약 8만톤(2020년~) 전략 공급.","note_en":"Belgium's Umicore strategically supplies high-performance NMC cathode active material (~80,000t from 2020).","sources":[{"stance":"confirms","publisher":"유미코어","publisher_en":"Umicore","kind":"ir","lang":"en","published_at":"2019-10-28","url":"https://www.umicore.com/en/media/newsroom/umicore-announces-strategic-supply-agreement-with-samsung-sdi-for-nmc-cathode-materials/","title":"유미코어, 삼성SDI와 NMC 양극재 전략 공급계약","title_en":"Umicore announces strategic supply agreement with Samsung SDI for NMC cathode materials","excerpt":"~80,000 metric tonnes from 2020","excerpt_en":"~80,000 metric tonnes from 2020"},{"stance":"confirms","publisher":"일렉트라이브","publisher_en":"electrive","kind":"news","lang":"en","published_at":"2019-10-28","url":"https://www.electrive.com/2019/10/28/umicore-to-supply-samsung-sdi-with-nmc/","title":"유미코어, 삼성SDI에 NMC 공급","title_en":"Umicore to supply Samsung SDI with NMC","excerpt":"supply agreement for NMC","excerpt_en":"supply agreement for NMC"}]},{"direction":"revenue","counterparty":"Stellantis (StarPlus Energy)","counterparty_slug":null,"confidence":"mid","metric":{"type":"capacity","unit":"GWh","as_of":"2026-02-11","basis":"JV 1공장(청산 협의 중)","value":33,"period":"2025~","basis_en":"JV plant 1 (reportedly unwinding)"},"note":"인디애나 코코모 50:50 JV StarPlus Energy에서 각형 셀 생산. 2026년 JV 청산 협의 보도로 불확실.","note_en":"50/50 US JV StarPlus Energy (Kokomo, Indiana) producing prismatic cells; reportedly being unwound as of 2026.","sources":[{"stance":"contradicts","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2026-02-11","url":"https://www.kedglobal.com/batteries/newsView/ked202602110004","title":"삼성SDI·스텔란티스, JV 청산 협의","title_en":"Samsung SDI, Stellantis move to unwind JV","excerpt":"in talks with Stellantis to liquidate StarPlus Energy","excerpt_en":"in talks with Stellantis to liquidate StarPlus Energy"},{"stance":"confirms","publisher":"스타플러스에너지","publisher_en":"StarPlus Energy","kind":"ir","lang":"en","published_at":"2022-05-24","url":"https://starplusenergyus.com/blog/stellantis-and-samsung-sdi-to-invest-over-2-5-billion-in-joint-venture-for-lithium-ion-battery-production-plant-in-united-states/","title":"스텔란티스·삼성SDI, 美 리튬이온 JV 25억 달러+ 투자","title_en":"Stellantis and Samsung SDI to Invest Over $2.5B in StarPlus Energy JV","excerpt":"50/50 JV, Kokomo Indiana","excerpt_en":"50/50 JV, Kokomo Indiana"}]},{"direction":"revenue","counterparty":"Tesla","counterparty_slug":"tesla","confidence":"mid","metric":{"type":"deal_value","unit":"USD billion","as_of":"2025-11-03","basis":"매체 보도(회사 미공시)","value":2.1,"period":"2026~","basis_en":"media report (undisclosed by company)"},"note":"ESS용 LFP 셀 첫 대규모 공급 보도(메가팩·파워월용, 차량용 아님). 약 21억 달러, 연 최대 10GWh, 2026년경 코코모 생산. 회사는 고객사·금액 비공개.","note_en":"Reported first large-scale ESS LFP cell supply (Megapack/Powerwall, not cars). ~$2.1B, up to ~10 GWh/yr, from ~2026, Kokomo. Counterparty withheld by company.","sources":[{"stance":"confirms","publisher":"KED글로벌","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2025-11-03","url":"https://www.kedglobal.com/batteries/newsView/ked202511030005","title":"삼성SDI, 테슬라에 ESS 배터리 공급 전망","title_en":"Samsung SDI set to supply ESS batteries to Tesla","excerpt":"first large-scale battery supply agreement with Tesla ... ESS estimated at over 3 trillion won ($2.1 billion)","excerpt_en":"first large-scale battery supply agreement with Tesla ... ESS estimated at over 3 trillion won ($2.1 billion)"},{"stance":"confirms","publisher":"일렉트렉","publisher_en":"Electrek","kind":"news","lang":"en","published_at":"2025-11-03","url":"https://electrek.co/2025/11/03/tesla-tsla-reportedly-secures-massive-2-1-billion-battery-deal-with-samsung-sdi-but-not-for-its-cars/","title":"테슬라, 삼성SDI와 21억 달러 배터리 계약…차량용 아님","title_en":"Tesla reportedly secures $2.1B battery deal with Samsung SDI, but not for its cars","excerpt":"~10 GWh/yr LFP, ESS only","excerpt_en":"~10 GWh/yr LFP, ESS only"}]},{"direction":"cost","counterparty":"에코프로머티리얼즈","counterparty_slug":"ecopro-materials","confidence":"mid","metric":null,"note":"에코프로머티리얼즈는 계열사 밖 외부 고객으로 삼성SDI 등에 하이니켈 전구체를 공급하며 고객 다변화를 추진한다.","note_en":"Beyond the group, EcoPro Materials supplies high-nickel precursors to external customers including Samsung SDI as it diversifies its customer base.","sources":[{"stance":"mentions","publisher":"코리아이코노믹데일리","publisher_en":"KED Global","kind":"news","lang":"en","published_at":"2023-09-26","url":"https://www.kedglobal.com/batteries/newsView/ked202309260006","title":"EcoPro Materials to quadruple precursor output by 2027","title_en":"EcoPro Materials to quadruple precursor output by 2027","excerpt":"에코프로머티리얼즈는 삼성SDI 등 배터리 제조사에 하이니켈 전구체를 공급한다.","excerpt_en":"EcoPro Materials supplies high-nickel precursors to Samsung SDI and other battery makers."}]},{"direction":"cost","counterparty":"SKC","counterparty_slug":"skc","confidence":"mid","metric":null,"note":"삼성SDI는 SK넥실리스(SKC 자회사) 동박의 주요 고객사 중 하나로 꼽힌다. 구체적 비중은 비공개.","note_en":"Samsung SDI is cited as one of the major customers for SK Nexilis (SKC subsidiary) copper foil; the specific share is undisclosed.","sources":[{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisajournal-e","kind":"news","lang":"ko","published_at":"2025-07-25","url":"https://www.sisajournal-e.com/news/articleView.html?idxno=413715","title":"LG·SK 배터리 동맹 복원하나 4조원 규모 동박 계약 논의","title_en":"Reviving the LG-SK battery alliance? Talks on a KRW 4tn copper foil deal","excerpt":"SK넥실리스의 주요 고객사로 SK온, LG에너지솔루션과 함께 삼성SDI가 언급된다.","excerpt_en":"Samsung SDI is named alongside SK On and LG Energy Solution as a major SK Nexilis customer."}]},{"direction":"cost","counterparty":"피엔티","counterparty_slug":"pnt","confidence":"mid","metric":null,"note":"삼성SDI는 피엔티의 전극공정 롤투롤 장비를 도입한 국내 배터리 3사 고객이다. 증설 설비투자가 피엔티 수주로 이어진다.","note_en":"Samsung SDI is one of Korea's three cell makers that adopted PNT's roll-to-roll electrode-process equipment; its expansion capex feeds PNT orders.","sources":[{"stance":"confirms","publisher":"바이라인네트워크","publisher_en":"Byline Network","kind":"news","lang":"ko","published_at":"2022-07-15","url":"https://byline.network/2022/07/15-195/","title":"배터리랑 같이 크는 장비 업체 피엔티","title_en":"PNT, the equipment maker growing with batteries","excerpt":"삼성SDI는 LG에너지솔루션·SK온과 함께 피엔티 롤투롤 전극공정 장비를 도입한 국내 배터리 3사 고객이다.","excerpt_en":"Samsung SDI, with LG Energy Solution and SK On, is one of Korea's three cell makers that adopted PNT's roll-to-roll electrode-process equipment."}]},{"direction":"cost","counterparty":"Asahi Kasei","counterparty_slug":"asahi-kasei","confidence":"mid","metric":{"as_of":"2019-08-16","qualifier":"named_supplier_relationship"},"note":"EV용 리튬이온 분리막을 Asahi Kasei(Hipore·Celgard)에서 조달 — 도레이와 함께 최대 공급사(일본 의존도 축소 중).","note_en":"Sources EV Li-ion battery separators from Asahi Kasei (Hipore, Celgard), one of its largest suppliers alongside Toray, while diversifying away from Japanese reliance.","sources":[{"stance":"confirms","publisher":"The Elec","publisher_en":"The Elec","kind":"news","lang":"en","published_at":"2019-08-16","url":"https://www.thelec.net/news/articleView.html?idxno=459","title":"Samsung SDI diversifying battery separator suppliers","title_en":"Samsung SDI diversifying battery separator suppliers","excerpt":"Asahi Kasei and Toray had been supplying most of the EV LiBS for Samsung SDI.","excerpt_en":"Asahi Kasei and Toray had been supplying most of the EV Li-ion battery separators for Samsung SDI."},{"stance":"confirms","publisher":"Charged EVs","publisher_en":"Charged EVs","kind":"news","lang":"en","published_at":"2014-02-05","url":"https://chargedevs.com/newswire/samsung-sdi-to-use-celgard-separator-in-ev-and-storage-system-batteries/","title":"Samsung SDI to use Celgard separator in EV and energy storage system batteries","title_en":"Samsung SDI to use Celgard separator in EV and energy storage system batteries","excerpt":"Celgard... supply separators to Samsung SDI for its EV and energy storage system lithium-ion batteries.","excerpt_en":"Celgard to supply separators to Samsung SDI for its EV and energy storage lithium-ion batteries."}]},{"direction":"cost","counterparty":"나노신소재 (CNT 도전재)","counterparty_slug":"advanced-nano-products","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"CNT 도전재 조달처(양극·음극).","note_en":"CNT conductive-additive supplier (cathode/anode).","sources":[{"stance":"mentions","publisher":"파이낸스스코프","publisher_en":"Finance Scope","kind":"news","lang":"ko","published_at":"2024-11-07","url":"https://www.finance-scope.com/article/view/scp202411070013","title":"나노신소재, LG엔솔·삼성SDI 납품 위한 미국·폴란드 CNT 공장","title_en":"Advanced Nano Products builds US and Poland CNT plants to supply LG and Samsung SDI","excerpt":"나노신소재 CNT 도전재 채택.","excerpt_en":"Uses Nano-Products CNT additives."}]},{"direction":"cost","counterparty":"LS일렉트릭","counterparty_slug":"ls-electric","confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"ESS와 배터리 라인용 전력설비를 LS일렉트릭에서 공급받는다. LS일렉트릭 전력인프라 부문 매출의 7.4%가 삼성SDI향이다.","note_en":"Samsung SDI sources power equipment for ESS and battery lines from LS Electric; 7.4% of LS Electric's power-infrastructure revenue is to Samsung SDI.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"전력인프라 주요매출처: 삼성에스디아이(주) 7.4%.","excerpt_en":"Power-infrastructure top customer: Samsung SDI 7.4%."}]}]}