Samsung SDI Co., Ltd. provided earnings guidance for the fourth quarter and full year 2020. For the quarter the company expects a huge increase in large-sized battery sales. EV battery sales are expected to grow with a strong demand led by major European clients, and ESS battery sales will go up for the U.S. utility projects. The sales of cylindrical battery will slightly decline. Cylindrical battery shipment is expected to go down slightly since clients makes inventory adjustments, while pouch battery shipment will be similar to last quarter as continue to supply batteries to mass models and to new flagship smartphones for overseas clients. The company expects increased profitability led by improved product mix since OLED and semiconductor material revenue go up. Polarizer demand will go down due to weak seasonality, but OLED materials will keep rising for TVs and smartphone clients in China. Semiconductor materials will see steady sales and profitability. For next year, first quarter is usually a slow season, and so revenue and profitability may temporarily decrease due to such seasonality. However, after the low point in first quarter, the company expected revenue to continue to increase throughout next year so that for the full year 2021, automotive battery business is expected to achieve significant growth in both sales and pass the BEP on a full year basis. The company expect sales to significantly increase from next year as these new projects come online.