In August 2024, Samsung’s battery manufacturing division, Samsung SDI, and General Motors signed a $3.5 billion deal where the two companies would build a plant for manufacturing batteries for electric vehicles (EVs) in Indiana, USA. Unfortunately, the project may have been put on hold as the US carmaker may be rethinking its EV strategy due […]
Read MoreSamsung SDI, Samsung’s battery manufacturing business, has been supplying batteries to many major companies around the world, with most of its clients being automotive brands that use them for electric vehicles. Now, the South Korean tech giant may begin supplying batteries to another major brand—this time not an automaker, but tech giant Amazon—further strengthening Samsung’s […]
Read MoreSamsung 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 […]
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