Samsung SDI will supply batteries to Hyundai for its EVs in Europe

24 October 2023, 02:41:38

Samsung SDI announced it has struck a supply deal for electric vehicle batteries with Hyundai Motor for the first time. More specifically, it will supply prismatic batteries for Hyundai Motor's electric vehicles targeting the European market for seven years from 2026 through 2032. The batteries to be supplied for Hyundai Motor will be the sixth edition of Samsung SDI’s prismatic battery, named as "P6." P6 features a 91% nickel-high NCA cathode and Samsung SDI’s proprietary silicon-based anode, maximizing energy density to the highest level. P6 batteries will be manufactured at Samsung SDI’s Hungary plant and supplied to Hyundai Motor's European production facility.

The partnership is expected to enable Hyundai to diversify battery form factors through the supply of prismatic batteries. The deal would provide a crucial chance for increased adoption of prismatic batteries for the automaker. For Samsung SDI, this means gaining additional growth momentum in line with the expansion of the partnership. The two companies plan to continue their partnership for leading research on next-generation battery platforms.

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