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Samsung SDI says discussing supplying Tesla with ESS batteries, nothing decided
Reuters· 2025-11-03 23:21
Core Viewpoint - Samsung SDI is in discussions to supply Energy Storage System (ESS) batteries to Tesla, with the potential order valued at approximately 3 trillion won ($2.11 billion) or more [1] Group 1: Company Developments - Samsung SDI is exploring a significant supply agreement with Tesla for ESS batteries [1] - The reported value of the potential order is around 3 trillion won, equivalent to $2.11 billion [1] Group 2: Industry Implications - The collaboration between Samsung SDI and Tesla highlights the growing demand for energy storage solutions in the electric vehicle and renewable energy sectors [1]
Tesla to buy $2 bln of ESS batteries from Samsung SDI over 3 years, newspaper says
Reuters· 2025-11-03 08:45
Core Insights - Samsung SDI has signed an agreement with Tesla to supply over 3 trillion won ($2.11 billion) worth of Energy Storage System (ESS) batteries over a three-year period [1] Company Summary - The agreement signifies a strategic partnership between Samsung SDI and Tesla, enhancing Tesla's battery supply chain for energy storage solutions [1] - The deal reflects Samsung SDI's commitment to expanding its presence in the energy storage market, which is expected to grow significantly in the coming years [1] Industry Summary - The energy storage market is becoming increasingly important as demand for renewable energy solutions rises, and companies like Samsung SDI are positioning themselves to capitalize on this trend [1] - This agreement may indicate a broader trend of collaboration between battery manufacturers and electric vehicle producers, as both sectors seek to innovate and meet growing energy demands [1]