Samsung SDI announced today that it has signed an agreement to supply batteries for Mercedes-Benzâs next-generation electric vehicles. This marks the first time Samsung SDI will supply EV batteries to the German luxury carmaker, although it already supplies batteries to other automakers.As part of the agreement, Samsung SDI will provide high-performance batteries for Mercedes-Benzâs upcoming compact and mid-size electric SUVs and coupe models. These batteries use high-nickel NCM (nickel, cobalt, and manganese) materials to deliver higher energy density, longer driving range, improved lifespan, and greater power output.The signing ceremony for the agreement was held at the Andaz Seoul Gangnam Hotel and was attended by key executives from both companies, including:Joo Sun Choi, President and CEO, Samsung SDIHan Jae Cho, Executive Vice President and Head of Global Sales, Samsung SDIOla Källenius, Chairman, Mercedes-Benz GroupJörg Burzer, Chief Technology Officer, Mercedes-Benz GroupMathias Vaitl, CEO, Mercedes-Benz KoreaThe two companies will also collaborate on developing next-generation batteries for future electric vehicles. Samsung SDI's EV battery supply agreement with Mercedes-Benz – Source: Samsung SDI A Samsung SDI official said, âThis partnership brings together the innovative DNA of both companies. It is meaningful in that Samsung SDI has secured a battery order aimed at strengthening its position in the global EV market.â