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Samsung SDI Inks $6.7B EV Battery Supply Deal with Mercedes-Benz

GateNews

2026-04-20 07:21:37

Gate News message, April 20 — Samsung SDI signed a multiyear agreement with Mercedes-Benz to supply high-nickel EV batteries for the carmaker’s next-generation vehicles, marking the South Korean company’s first battery supply partnership with Mercedes-Benz.

While Samsung SDI did not disclose the contract value, estimates place it at approximately 10 trillion won (US$6.7 billion). The agreement includes collaboration on future mobility solutions and next-generation battery technology development.

Samsung SDI confirmed that its Hungary manufacturing plant will supply the batteries under the deal and denied speculation about establishing a new production facility in Europe.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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