Finance
Samsung Sdi Signs First Ev Battery Supply Deal With Mercedes-Benz
Published by Global Banking & Finance Review®
Posted on April 20, 2026
1 min readLast updated: April 20, 2026
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Samsung SDI has signed its first-ever multi-year EV battery supply agreement with Mercedes‑Benz to deliver high‑nickel NCM prismatic cells for upcoming compact and mid‑size electric SUVs and coupes.
Samsung SDI and Mercedes-Benz Sign First EV Battery Supply Agreement
Overview of the Samsung SDI and Mercedes-Benz Battery Supply Deal
Announcement of the Agreement
SEOUL, April 20 (Reuters) - South Korean battery maker Samsung SDI said on Monday it has signed a multi-year agreement with Mercedes-Benz to supply batteries for electric vehicles, marking its first EV battery supply deal with the automaker.
Details of the Battery Technology
High-Nickel NCM Chemistry
The batteries will feature high-nickel NCM (nickel, cobalt, and manganese) chemistry, powering Mercedes-Benz's next generation EVs, Samsung SDI said in a statement.
Planned Applications in Mercedes-Benz Vehicles
Mercedes-Benz planned to use the batteries in future compact and mid-size electric SUVs and coupe models, the statement said.
Financial Aspects of the Agreement
Undisclosed Deal Size
Samsung SDI did not disclose the size of the deal.
Reporting and Editorial Information
(Reporting by Heekyong Yang, Editing by Ed Davies)
Key Takeaways
- •This marks Samsung SDI’s inaugural EV battery supply deal with Mercedes‑Benz, strengthening its footprint among premium automakers.
- •The batteries will use high‑nickel NCM chemistry and are slated for Mercedes‑Benz’s next‑generation compact and mid‑size electric SUVs and coupes.
- •The agreement underscores Samsung SDI’s push into diversified EV segments beyond its existing GM and Stellantis partnerships, amid global expansion in high‑energy prismatic cell demand.
Frequently Asked Questions about Samsung SDI signs first EV battery supply deal with Mercedes-Benz
1What did Samsung SDI announce regarding Mercedes-Benz?
Samsung SDI announced a multi-year agreement to supply EV batteries to Mercedes-Benz, its first such deal with this automaker.
2What type of batteries will Samsung SDI supply?
The batteries will feature high-nickel NCM (nickel, cobalt, and manganese) chemistry.
3For which Mercedes-Benz vehicles are these batteries intended?
These batteries are intended for Mercedes-Benz's future compact and mid-size electric SUVs and coupe models.
4Did Samsung SDI disclose the deal size?
No, Samsung SDI did not disclose the size of the battery supply deal.
