Samsung SDI Signs Multiyear EV Battery Supply Deal with Mercedes-Benz
South Korean battery maker to supply high-performance NCM batteries for Mercedes-Benz's next-generation electric vehicles in first-ever deal between the companies
L'essentiel
- Samsung SDI has signed a multiyear agreement to supply EV batteries for Mercedes-Benz's next-generation vehicles.
- The deal, the first between the companies, was signed in Seoul with both CEOs in attendance.
- Samsung SDI will provide high-performance NCM batteries with high energy density, longer driving range, extended lifespan and proprietary safety technologies for Mercedes-Benz's compact and midsize electric SUVs and coupe models.
Résumé généré par IA
SEOUL, April 20 (Yonhap) -- Samsung SDI Co., a major South Korean battery manufacturer, said Monday it has signed a multiyear agreement with Mercedes-Benz Group AG to supply electric vehicle (EV) batteries for the German automaker.
The agreement was signed at a ceremony in Seoul attended by Samsung SDI Chief Executive Officer (CEO) Choi Joo-Sun and Ola Kallenius, Mercedes-Benz chairman and CEO, along with other senior executives from both companies.
Under the deal, Samsung SDI will supply high-performance batteries for Mercedes-Benz's next-generation EVs. It marked the first EV battery supply deal between the companies.
The nickel-cobalt-manganese (NCM) batteries will offer high energy density, longer driving range, extended lifespan and strong output. The power packs also come with the company's proprietary safety technologies.
Mercedes-Benz plans to use the batteries in upcoming compact and midsize electric sport utility vehicles (SUVs) and coupe models as part of its strategy to target the next-generation EV market.
The two companies moreover agreed to expand cooperation in future mobility areas, including joint development of next-generation battery technologies.
"This partnership brings together the innovative DNA of both companies," a Samsung SDI official said. "It is meaningful in that Samsung SDI has secured a battery order aimed at strengthening its position in the global EV market."
