关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 封面图 | 图虫创意 12月9日， 三星SDI 发布消息，其美国子公司（SDI America•SDIA）已与一家美国能源基础设施 开发运营公司签署协议，将为其储能系统供应磷酸铁锂电池， 合同价值超过2万亿韩元（约合96.2 亿元人民币）， 占三星SDI今年预计销售额（约13万亿韩元）的15%， 将从 2026年开始持续供 应三年。 具体来看，此次三星 SDI供应的磷酸铁锂电芯将安装在电池储能系统解决方案 SBB 2.0 中，这是 一款20英尺集装箱式储能系统，内部集成了电池和消防安全设备。值得注意的是，SBB 2.0是三星 SDI首款使用方形磷酸铁锂电池的储能系统，这也是韩系电池企业从三元电池转向磷酸铁锂电池的重 要标志。通过研发推出磷酸铁锂电池，三星SDI可以最大限度发挥材料的价格竞争力优势，还通过差 异化材料和板材加工技术提升了能量密度。 三星 SDI表示，所供应的电池将通过公司美国工厂现有生产线改造生产制造。此前，三星SDI曾与 Stellantis联合建设运营一家动力电池工厂，以面向美国电动汽车市场需求。但是 ...

Investment Rating - The report recommends a "Buy" rating for the industry, predicting that the industry index will outperform the Shanghai Composite Index by 10% or more during the specified period [5]. Core Insights - In Q3 2025, the company's battery business revenue decreased by 23.2% year-on-year to 2.82 trillion KRW, with an operating loss of 630.1 billion KRW attributed to a slowdown in electric vehicle battery sales and tariffs on energy storage system batteries in the U.S. [2][3] - The company has signed supply contracts exceeding 110 GWh with several global automotive groups and has secured a significant portion of orders in a government-led energy storage system project [3]. - The company plans to enhance its presence in the energy storage system market and improve operational efficiency, with a projected annual production capacity of 30 GWh for energy storage system batteries in the U.S. by the end of next year [6]. Financial Performance Summary - For Q3 2025, the company's total revenue was 3.05 trillion KRW (21.3 billion USD), a decrease of 22.5% year-on-year and 4% quarter-on-quarter [1]. - The operating loss for Q3 2025 was 591.3 billion KRW (4.16 billion USD), marking a shift from profit to loss compared to the previous year [1][2]. - The company's cash and cash equivalents remained stable at 2.15 trillion KRW at the end of Q3 2025, compared to 2.15 trillion KRW in Q2 2025 [1]. Business Segment Performance - The battery business revenue was 2.82 trillion KRW, down 23.2% year-on-year and 4.8% quarter-on-quarter, with an operating loss of 630.1 billion KRW [2]. - The electronic materials business generated revenue of 231.8 billion KRW, a 6.2% increase from the previous quarter but a 12.1% decrease year-on-year, with operating profit rising by 17.6% to 38.8 billion KRW [2].