Samsung SDI announced the company has clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time. Samsung SDI 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 “P6”. P6 features 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 production facility in Europe.
The supply deal marks the first partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries.
The partnership will enable Hyundai Motor to diversify battery form factors through the supply of prismatic batteries. For the automaker, the deal would provide a crucial chance for increasing adoption of prismatic batteries.
The two companies plan to continue their partnership for leading research on next-generation battery platforms.