The South Korean battery manufacturer Samsung SDI has signed a multi-year supply agreement with Mercedes-Benz. Under the agreement, Samsung SDI will supply batteries for the next generation of Mercedes-Benz electric vehicles. According to Samsung SDI, this is the first such agreement between the two companies. No details regarding quantities or financial terms were disclosed.
Focus on High-Nickel Batteries
The agreement covers high-performance nickel-cobalt-manganese batteries with a high nickel content. Mercedes-Benz plans to use these batteries in future compact and mid-size electric SUVs, as well as coupé models.
Beyond the supply agreement, both companies intend to expand their cooperation. They plan to jointly develop new battery technologies. Specific projects or technical approaches were not disclosed. Samsung SDI views the contract as a step towards strengthening its market position in the global competition for electric vehicle batteries.
Source:
https://www.samsungsdi.com/sdi-now/sdi-news/4842.html?pageIndex=1&pagesize=15&idx=4842
