South Korea/Economy/Samsung SDI Signs First EV Battery Deal with Mercedes-Benz

Samsung SDI Signs First EV Battery Deal with Mercedes-Benz

Apr 20, 202615 sources

Summary

In April 2026, Samsung SDI signed its first electric vehicle battery supply deal with Mercedes-Benz, valued at $6.7 billion. The batteries will be produced at Samsung's plant in Hungary.

The deal comes as Samsung SDI's Hungary plant is in a transition period. Separately, SK hynix workers received large bonuses, and Samsung and Hyundai workers are now asking for similar payments. Hyundai also announced the Ioniq3 for the compact class.

by WorldBrief & Maksim Micheliov | AI-generated summary

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Samsung SDI Signs First EV Battery Deal with Mercedes-Benz

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