South Korean battery maker Samsung SDI has made a significant move into the European electric vehicle (EV) market, signing its first EV battery supply deal with German luxury car manufacturer Mercedes-Benz. The agreement marks a major breakthrough for Samsung SDI, which has been actively expanding its global presence in the rapidly growing EV battery industry. Under the terms of the deal, Samsung SDI will supply lithium-ion batteries to Mercedes-Benz, which plans to electrify its entire lineup by 2030. This partnership is set to boost Samsung SDI's sales and cement its position as a leading player in the global EV battery market.
Samsung SDI signs first EV battery supply deal with Mercedes-Benz By Reuters Investing.com
