Nine consortia were selected for South Korea's next-generation AI power grid project. Six of these will utilize Samsung SDI's battery cells, securing 66% of the total capacity. LG Energy Solution and SK On will supply batteries for one and two consortia, respectively.
Samsung SDI reported a net profit of 56.1 billion won in Q1 2026, reversing from a 216 billion won loss a year earlier, driven by increased US ESS battery sales and stronger cylindrical battery demand. The company projects US ESS demand to reach 160 GWh by 2030, with data center demand growing over 30% annually.
Samsung SDI reported a Q1 net profit of 56.1 billion won, reversing from a 216 billion won loss a year earlier, driven by increased U.S. ESS battery sales and stronger demand for high-margin cylindrical batteries. Sales rose 12.6% to 3.57 trillion won, while operating loss narrowed to 155.6 billion won. The company expects performance to recover gradually from Q2, with EV battery demand strengthening in Europe and plans to expand U.S. production for AI data centers.
Mercedes-Benz, yeni nesil elektrikli araç bataryaları için Samsung SDI ile stratejik bir tedarik anlaşması imzaladığını duyurdu.
Samsung SDI and Mercedes-Benz have signed a multi-year EV battery supply deal covering future compact and midsize models, with contract value expected to exceed €5.8bn. The Korean battery maker will provide high-performance batteries using high-nickel NCM materials for Mercedes' electric SUVs and coupe models. The companies also agreed to collaborate on next-generation battery technology development. Samsung SDI's share price rose 4.9% on Monday, while Mercedes-Benz shares fell over 2%.
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.
Samsung SDI has signed a multiyear agreement to supply high-performance NCM batteries for Mercedes-Benz's next-generation EVs. The deal, signed in Seoul with both CEOs present, marks the first EV battery supply partnership between the companies. Mercedes-Benz plans to use the batteries in compact and midsize electric SUVs and coupe models, with both companies also agreeing to expand cooperation in future mobility and next-generation battery technologies.
