On 20 April, Samsung SDI announced the signing of its first agreement with Mercedes-Benz to supply batteries for electric vehicles. The contract provides for long-term cooperation in the production of batteries for future electric car models.
Details of the agreement between Samsung SDI and Mercedes-Benz
Representatives Samsung SDI announced the signing of the company's first ever agreement to supply batteries for electric vehicles with Mercedes-Benz. According to the information Reuters, The contract covers long-term cooperation in the supply of new generation batteries for electric vehicles.
According to an official statement, Samsung SDI batteries will be used in future models of Mercedes-Benz electric vehicles. The parties did not disclose any other details regarding the scope of supply or financial terms.
Implications for the electric vehicle market
The signing of the contract between Samsung SDI and Mercedes-Benz is an important step for both companies in the global electric vehicle market. The agreement will allow Mercedes-Benz to expand its range of electric vehicles using the Korean company's advanced battery technology.
For Samsung SDI, this is the first contract of its kind with a German automaker, which strengthens the company's position among the leading suppliers of batteries for electric vehicles. Samsung SDI has previously cooperated with other automakers, but this is the first agreement of this scale with Mercedes-Benz.
Prospects for further cooperation
The parties did not disclose details on the delivery time or specific models that will receive the new batteries. However, according to the companies, the agreement is strategic in nature and may form the basis for future joint projects in the field of electric mobility.
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