A South Korean battery manufacturer has secured its inaugural supply contract with Mercedes-Benz, announcing Monday that it will provide power systems for the luxury automaker’s electric vehicle fleet.
Samsung SDI revealed the multi-year partnership will involve delivering batteries with high-nickel NCM chemistry, which combines nickel, cobalt, and manganese components. These power units are designed for Mercedes-Benz’s upcoming generation of electric vehicles, according to company officials.
The German automaker intends to integrate these battery systems into their forthcoming compact and mid-size electric sport utility vehicles and coupe offerings, Samsung SDI announced in their official statement.
Financial terms of the agreement were not revealed by Samsung SDI representatives.
