Samsung SDI signed a multiyear electric vehicle (EV) battery supply agreement with Mercedes-Benz Group AG in Seoul on Monday. The deal marks the first such supply contract between the companies, providing high-performance batteries for next-generation EVs. The firms also agreed to expand cooperation in future mobility, including joint development of advanced battery technologies.
The agreement was signed at a ceremony in Seoul attended by Samsung SDI CEO Choi Joo-Sun and Mercedes-Benz chairman and CEO Ola Kallenius, along with other senior executives from both companies.
Under the deal, Samsung SDI will supply nickel-cobalt-manganese (NCM) batteries featuring high energy density, longer driving range, extended lifespan, strong output, and the company's proprietary safety technologies. Mercedes-Benz plans to use them in upcoming compact and midsize electric sport utility vehicles (SUVs) and coupe models to target the next-generation EV market.
"This partnership brings together the innovative DNA of both companies," a Samsung SDI official said. "It is meaningful in that Samsung SDI has secured a battery order aimed at strengthening its position in the global EV market."
Separately, Mercedes-Benz Group met with key South Korean suppliers, including LG Energy Solution Ltd., to discuss deepening cooperation in electrification, digitalization, and future mobility. The German automaker reaffirmed its long-standing partnership with LG in display and battery sectors, noting LG's selection in October last year for lithium iron phosphate (LFP) batteries.
