Samsung SDI has signed its first contract to supply batteries for electric vehicles with Hyundai Motor Company, securing additional growth momentum along with expanded cooperation between the two companies in the future.

Samsung SDI announced on the 23rd that it will supply batteries for Hyundai Motor Company's next-generation electric vehicles for Europe for seven years from 2026 to 2032.

This is the first time that Samsung SDI and Hyundai Motors have signed a supply contract in the electric vehicle battery sector.

Through this agreement, Samsung SDI has secured additional growth momentum by securing Hyundai Motor Company as a new customer and opening up opportunities for expanded cooperation in the future.

Through the collaboration between the two companies, Hyundai Motor Company has been able to diversify its battery form factor through square batteries, and this is expected to be an important turning point in expanding the adoption of square batteries. The two companies plan to continue their partnership in the future, including the advanced development of next-generation battery platforms.

Through this contract, Samsung SDI will supply P6, the 6th generation square battery currently under development, to Hyundai Motor Company.

P6 is a product that maximizes energy density by increasing the nickel content of the NCA cathode material to 91% and applying a proprietary silicon material to the cathode material. The P6 will be produced at Samsung SDI's Hungarian plant and supplied to Hyundai Motor Company's local European plants.

Samsung SDI CEO and President Choi Yoon-ho said, “We have taken the first step toward a strategic partnership with Hyundai Motor Company, a leader in the global automobile industry,” and added, “We will do our best to strengthen Hyundai Motor Company’s leadership in the global electric vehicle market through long-term expansion of our partnership with Samsung SDI’s unrivaled technological competitiveness and top quality.”