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
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)
