Mercedes-Benz is overhauling its electric vehicle strategy, abandoning single-source dependencies to sign a 10 trillion won ($6.8 billion) direct battery supply deal with Samsung SDI. This multi-year agreement centers on securing high-nickel NCM (nickel-cobalt-manganese) prismatic batteries, in the wake of Mercedes’ unimpressive sales performance.Independently, both Mercedes and Samsung rank among the leading R&D investors globally. The automaker aims to secure a technical edge against rivals by also entering an R&D alliance to collaborate on the development of next-generation battery technology.
Samsung SDI
This maneuver is a direct response to a brutal financial reality. Mercedes-Benz recently reported a staggering 57 percent collaps …
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Author: Yash Bajaj
