Samsung SDI signs first EV battery supply deal with Mercedes-Benz
Samsung SDI has secured a significant multi-year deal to provide advanced high-nickel NCM batteries for Mercedes-Benz's upcoming electric SUVs and coupes. This marks the first such partnership between the two automotive giants, promising powerful ...
By Reuters |
ANI
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.
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.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
Samsung SDI to lend $1.05 billion to Stellantis JV StarPlus EnergyADVERTISEMENT
