"As noted in a report from Korea JoongAng Daily, the demand for energy storage systems has been growing rapidly in North America, thanks in no small part to the surge in AI investments across numerous companies. With this in mind, Tesla has reportedly approached Samsung SDI about a potential battery supply deal. The deal is reportedly worth over 3 trillion Korean won (approximately $2.11 billion) and will span three years, according to The Korea Global Economic Daily."
"With this in mind, Tesla has reportedly approached Samsung SDI about a potential battery supply deal. The deal is reportedly worth over 3 trillion Korean won (approximately $2.11 billion) and will span three years, according to The Korea Global Economic Daily. A battery supply deal with Samsung SDI could make sense for Tesla as the company already has a grid-scale battery, the Megapack, which is perfect for industrial use. Samsung SDI could simply supply cells for the EV maker."
Demand for energy storage systems in North America has grown rapidly, partly due to surging AI investments. Tesla has approached Samsung SDI about a potential battery supply deal to provide cells for Megapack grid-scale systems. The deal is reportedly worth over 3 trillion Korean won (about $2.11 billion) over three years, with production expected at Samsung SDI's joint-venture plant with Stellantis in Indiana. Samsung SDI plans to convert some EV lines to produce ESS cells and target 30 GWh at the plant by next year, with reports suggesting a possible 10 GWh-per-year allocation for Tesla.
Read at TESLARATI
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