Samsung SDI Secures Battery Supply Contract for Tesla's Energy Storage System
ENERGY STORAGE
Samsung SDI Co. has secured a battery supply contract through its U.S. subsidiary for Tesla's energy storage system, with details remaining confidential until January 2030. The contract's potential value is estimated at 3 trillion won (approximately $2.08 billion), reflecting the growing demand for energy storage solutions driven by advancements in the artificial intelligence sector. This move positions Samsung SDI competitively in the expanding ESS market.

Jan 31, 2026, 6:19 AM