While the company did not disclose the value or exact timing of the deal, a Samsung SDI spokesperson confirmed that executives from both firms met on May 8 regarding the agreement. The contract will see Samsung SDI deliver its flagship battery solution, the Samsung Battery Box, to Tesvolt by the end of June.
The deal builds on a longstanding partnership between the two companies, which began in 2017. According to Samsung SDI, the agreement could serve as a springboard for deeper collaboration, with further supply negotiations and joint marketing efforts planned for upcoming energy storage projects.
Samsung SDI also noted during its first-quarter earnings call that it has already secured orders accounting for approximately 90 percent of its planned energy storage system battery production for 2025.
reporter
Kim Dong-young
davekim0807@ajupress.com
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