Samsung SDI, a leading South Korean battery manufacturer, has announced a significant multi-year agreement with Mercedes-Benz for the supply of electric vehicle batteries. This marks Samsung SDI's first such deal with the prominent German automaker.
The batteries will utilize high-nickel NCM (nickel, cobalt, manganese) chemistry. These advanced power sources are slated to equip Mercedes-Benz's next generation of electric vehicles.
Mercedes-Benz intends to integrate these batteries into future compact and mid-size electric SUVs and coupe models.