Samsung SDI: Battery division top change: Ford BMW recall

Samsung SDI: Battery division top change: Ford BMW recall

-Samsung battery fire related-

Samsung SDI:

All the heads of the battery division, which is the main division, have been replaced.

The Chief Financial Officer (CFO) has also changed.

CEO Jung Young-hyun has remained in office.

Recall due to battery fire:

There is an “analysis of blame for the fire of Ford and BMW” equipped with Samsung battery.

Ford SUV “Kuga” Fire:

A plug-in hybrid model of Ford’s SUV “Kuga” equipped with a Samsung battery.

A series of fires broke out in the second half of last year.

Ford has made a full recall saying that “the cause of the fire is the battery pack.”

Samsung Securities:

Researcher Jang Jung-hoon predicted that “Ford and BMW’s recall declaration could be an excuse for stock price adjustments.”

Joongang Ilbo