Samsung SDI (006400.KS) Monday said it has signed a multi-year agreement with Mercedes-Benz to supply batteries for next-generation electric vehicles, marking its first EV battery supply deal with the automaker.
Under the agreement, Samsung SDI will provide high-nickel NCM (nickel, cobalt, manganese) batteries designed to deliver high energy density, longer driving range, extended lifespan and enhanced power performance.
The batteries will be used in Mercedes-Benz's upcoming compact and mid-size electric SUVs and coupe models as part of its next-generation EV strategy.
The companies also plan to expand collaboration beyond supply, including joint development of advanced battery technologies for future mobility solutions.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.