South Korean battery manufacturer Samsung SDI announced on Monday that it has signed a multi-year agreement with Mercedes-Benz to supply batteries for the automaker’s electric vehicles, marking its first EV battery supply partnership with the German luxury carmaker.
Under the deal, Samsung SDI will provide batteries using high-nickel NCM (nickel, cobalt and manganese) chemistry, which are designed to deliver higher energy density and improved driving range for next-generation electric vehicles.
Mercedes-Benz plans to use the batteries in its upcoming compact and mid-size electric SUVs, as well as future coupe models, according to Samsung SDI.
The company did not disclose the financial value or supply volume of the agreement.
The partnership strengthens Samsung SDI’s position in the global EV battery market as automakers continue to secure long-term battery supplies to support the shift toward electrification.
