Samsung SDI signs EV battery supply deal with Mercedes-Benz
Under the agreement, Samsung SDI will supply high-performance batteries for Mercedes-Benz’s next-generation electric vehicles. Mercedes-Benz plans to use the batteries in future compact and mid-size electric SUVs and coupe models.
Samsung SDI has announced that it has signed a multi-year agreement with Mercedes-Benz to supply batteries for next-generation electric vehicles, marking the South Korean company’s first EV battery supply to the automaker.
Under the agreement, Samsung SDI will supply high-performance batteries for Mercedes-Benz’s next-generation electric vehicles, Samsung SDI said in a press release.
The batteries will feature high-nickel NCM (nickel, cobalt, and manganese), delivering high energy density, extended driving range, long lifespan, and high power, along with Samsung SDI’s proprietary safety solutions, the company said.
Mercedes-Benz plans to use the batteries in future compact and mid-size electric SUVs and coupe models as part of its strategy to target the next-generation electric vehicle market.
In addition to the supply agreement, the two companies plan to broaden their strategic cooperation in future mobility, including joint development of next-generation battery technology.
“This partnership brings together the innovative DNA of both companies,” said a Samsung SDI official. “It is meaningful in that Samsung SDI has secured a battery order aimed at strengthening its position in the global EV market.”