Samsung SDI inks multi-year EV battery supply deal with Mercedes-Benz

On the Dash:

• Expanding battery partnerships signal continued acceleration of EV product pipelines from legacy automakers.
• High-nickel battery chemistry points to ongoing focus on range and performance improvements in upcoming EVs.
• Long-term supply deals reinforce stability in future EV production planning, even as demand trends fluctuate.

On April 20, Samsung SDI signed a multi-year agreement with Mercedes-Benz to supply EV batteries, marking Samsung SDI’s first EV battery supply agreement with the German automaker.

Although the financial terms and total volume of the agreement were not disclosed.

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Under the agreement, Samsung SDI will supply batteries featuring high-nickel NCM (nickel, cobalt and manganese) chemistry. The batteries will power Mercedes-Benz’s next generation of EVs, supporting the company’s ongoing electrification strategy.

Mercedes-Benz plans to use the batteries in future compact and mid-size electric SUVs and coupe models, according to Samsung SDI.

The companies did not disclose a timeline for deployment or production ramp-up.

The agreement reflects ongoing efforts by global automakers to secure long-term battery supply as competition intensifies in the EV market. Demand for high-performance battery chemistry continues to shape partnerships between automakers and battery manufacturers.