Samsung SDI to supply Hyundai with electric vehicle batteries from 2026

South Korean company Samsung SDI will supply Hyundai Motor with batteries for electric vehicles for seven years starting in 2026. The Samsung Group division announced this today in a press release. According to the company, this is the first battery supply agreement between the two businesses.

„This supply agreement marks the first partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries,“ Samsung SDI said.

The company also supplies batteries to automakers including General Motors, Stellantis and BMW. Samsung SDI said in the release that it would supply prismatic batteries manufactured in Hungary from 2026 to 2032 for Hyundai Motor electric vehicles intended for the European market. Prismatic batteries are a type of lithium-ion battery with a square or rectangular shape.

The companies did not disclose the size of the contract. According to an industry source, Samsung SDI could supply enough batteries to power around 500.000 electric vehicles over the next seven years.