Samsung SDI Climbs on Talks With Tesla to Supply Batteries
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Samsung SDI Co. rose as much as 8.1 percent as the company negotiates with Tesla Motors Inc. to supply batteries for electric vehicles.
Samsung SDI, a unit of the South Korean conglomerate that makes batteries and other electronics components, rose 6.3 percent to 118,500 won at 10:15 a.m. in Seoul Tuesday, after touching a high of 120,500 won. The shares had declined 2.2 percent this year before today. South Korea’s stock market was closed on Monday, when reports of the negotiations first surfaced.