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SEOUL, April 20 (Yonhap) -- Samsung SDI Co., a major South Korean battery manufacturer, said Monday it has signed a multiyear agreement with Mercedes-Benz Group AG to supply electric vehicle (EV) batteries for the German automaker.
The agreement was signed at a ceremony in Seoul attended by Samsung SDI Chief Executive Officer (CEO) Choi Joo-Sun and Ola Kallenius, Mercedes-Benz chairman and CEO, along with other senior executives from both companies.
Under the deal, Samsung SDI will supply high-performance batteries for Mercedes-Benz's next-generation EVs. It marked the first EV battery supply deal between the companies.
This photo, provided by Mercedes-Benz Korea, shows Ola Kallenius, chairman and CEO of Mercedes-Benz Group AG, speaking at a media event in Incheon, west of Seoul, on Nov. 14, 2025. (PHOTO NOT FOR SALE) (Yonhap)
The nickel-cobalt-manganese (NCM) batteries will offer high energy density, longer driving range, extended lifespan and strong output. The power packs also come with the company's proprietary safety technologies.
Mercedes-Benz plans to use the batteries in upcoming compact and midsize electric sport utility vehicles (SUVs) and coupe models as part of its strategy to target the next-generation EV market.
The two companies moreover agreed to expand cooperation in future mobility areas, including joint development of next-generation battery technologies.
"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."
This photo, provided by Samsung SDI Co., shows the company's plant in Yongin, south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)
odissy@yna.co.kr
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