Samsung SDI Inks EV Battery Deal with Mercedes-Benz
By Reuters | 20 Apr, 2026
The South Korean battery maker signed a multi-year agreement to supply batteries for Mercedes-Benz's first-generation electric vehicles.
South Korean battery maker Samsung SDI said on Monday it has signed a multi-year agreement with Mercedes-Benz to supply batteries for electric vehicles, marking its first EV battery supply deal with the automaker.
The batteries will feature high-nickel NCM (nickel, cobalt, and manganese) chemistry, powering Mercedes-Benz's next generation EVs, Samsung SDI said in a statement.
Mercedes-Benz planned to use the batteries in future compact and mid-size electric SUVs and coupe models, the statement said.
Samsung SDI did not disclose the size of the deal.
(Reporting by Heekyong Yang, Editing by Ed Davies)
Recent Articles
- Your Answers to These 7 Questions Will Reveal Whether You're Sane or a Closet Lunatic
- US Oil Companies Profit from Strait of Hormuz Closure Says Russian Oil CEO
- Trump Faces New Republican Resistance in Congress as Midterms Approach
- SpaceX IPO Already Two Times Oversubscribed
- SpaceX Signs Google As AI Compute Client After Landing Anthropic
- $1 Trillion in Stock Market Valuation Erased by AI Chip Selloff
- Anthropic Urges Industry Pause As AI Nears Recursive Self-Development
- Trump's South Lawn UFC Birthday Bash to Mix Politics with Punches
- Trump Policies Targeting 39 Nationalities of Immigrants Invalidated
- One Man Holds Back the World's Progress toward Green Energy Sufficiency and Prosperity