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Samsung SDI Signs First EV Battery Supply Deal with Mercedes-Benz
The multiyear deal gives Mercedes-Benz high-nickel batteries with longer range and safety features, and industry officials estimate it at $6.7 billion.
- On Monday, Samsung SDI signed a multiyear contract to supply high-nickel batteries for Mercedes-Benz's next-generation electric SUVs and coupe models, marking the first EV battery supply agreement between the Korean manufacturer and German carmaker.
- Samsung SDI CEO Choi Joo-sun and Mercedes-Benz Group Chairman Ola Kallenius held a signing ceremony in Seoul, where industry officials estimate the confidential deal's value at approximately $6.7 billion.
- The nickel-cobalt-manganese batteries feature high energy density, extended driving ranges, and proprietary safety technologies. "This partnership brings together the innovative DNA of both companies," a Samsung SDI official said.
- Samsung SDI now supplies battery technology to three leading German automakers, including BMW and Audi, with its existing Hungarian plant likely supplying these batteries, denying speculation about new European sites.
- The companies pledged to expand cooperation in future mobility, including joint development of next-generation battery technology, following Kallenius's November 2025 Korea trip that yielded a $1.4 billion LG Energy Solution deal.
16 Articles
16 Articles
The two companies signed a multi-year agreement.
Samsung SDI Signs First Battery Supply Contract with Mercedes-Benz for Next-Generation Electric SUVs and Coupes Samsung SDI has signed a multi-trillion won electric vehicle battery supply contract with Mercedes-Benz of Germany. This marks the first time Samsung SDI has supplied electric vehicle batteries to Mercedes-Benz. On the 20th, Samsung SDI [signed] Mercedes
Samsung SDI has signed a multi-year agreement with Mercedes-Benz for the supply of batteries for electric vehicles. This is the first agreement of its kind between the two companies, marking an important step in their cooperation. The batteries will use NCM technology with high nickel content, which offers higher performance and autonomy for electric vehicles. According to the announcement, these batteries will power the next generation of Merce…
Samsung SDI secures first EV battery deal with Mercedes-Benz for next-gen SUVs, using high-nickel NCM cells for longer range.
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