Samsung SDI Signs First EV Battery Deal With Mercedes-Benz
Samsung SDI signed its first deal to supply Mercedes-Benz with high-nickel batteries. The multi-year agreement powers future compact and mid-size electric SUVs.
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South Korea battery manufacturer SAMSUNG SDI CO LTD has announced a multi-year agreement with MERCEDES-BENZ GROUP AG to supply batteries for electric vehicles. This partnership represents the first direct EV battery supply contract between the two companies. The batteries will feature high-nickel NCM (nickel, cobalt, and manganese) chemistry, designed to power the next generation of electric vehicles.
