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Tesla Secures $2 Billion ESS Battery Deal with Samsung SDI

Tesla Secures $2 Billion ESS Battery Deal with Samsung SDI

Author:

Global Cryptocurrency

Published:

2025-11-03 14:15:02

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BTCCSquare news:

Tesla has reportedly entered into a $2.11 billion agreement with Samsung SDI for Energy Storage System (ESS) batteries, according to Korea Economic Daily. The three-year deal WOULD supply 10 GWh annually, reinforcing Tesla's energy division amid record Megapack deployments.

Samsung SDI may repurpose LFP battery lines from its Stellantis joint venture for ESS production. While neither party has confirmed the deal, the partnership would diversify Tesla's battery supply chain beyond Chinese manufacturers.

The batteries are designated for stationary storage products like Megapack and Powerwall, not electric vehicles. Tesla's energy business is growing faster than its automotive segment, with utility-scale storage installations outpacing EV deliveries.

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