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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.