Overview
- The two companies signed the agreement in Seoul on Monday, marking Samsung SDI’s first battery supply contract with Mercedes-Benz.
- Samsung SDI will provide high-nickel NCM cells in a prismatic format, which are box-shaped batteries with high energy density and added safety features, for future compact and midsize EVs with a 2028 model reported by industry sources.
- Financial terms were not disclosed, though industry estimates point to supply in the tens of gigawatt-hours worth more than 10 trillion won, a scale suited to a full vehicle lineup.
- Both sides said they will pursue joint development of next-generation battery technology, as Mercedes adds Samsung SDI to a supplier roster that already includes LG Energy Solution and SK On.
- Attention now centers on Samsung SDI’s Göd, Hungary plant, which faces political and environmental scrutiny that could influence European expansion and delivery plans.