K-Battery

K-Battery Wins KRW Trillions of Orders

Samsung SDI to supply ESS batteries to the USA

POSCO Future M secures a large contract on anode materials

The domestic battery industry is showing signs of recovery, following major supply contracts clinched by Samsung SDI and POSCO Future M. It is assessed that the continued securing of orders worth over KRW 1 trillion in each of the battery cell and core materials sectors is creating a positive atmosphere throughout the industry.
Samsung SDI announced that its North America subsidiary, Samsung SDI America (SDIA) signed a contract worth about KRW 1.5 trillion to supply batteries for energy storage systems (ESS) to a U.S. energy company. The contract will run from this year until 2029, with supplies delivered in phases.
The batteries supplied under the deal will be produced at the factory of StarPlus Energy, a joint venture between Samsung SDI and Stellantis, located in Indiana, USA. The company plans to supply nickel-cobalt-aluminum (NCA) and lithium iron phosphate (LFP) batteries one after another.

POSCO Future M also announced that it has signed a long-term supply contract worth about KRW 1.01 trillion with a global automaker for synthetic graphite anode materials. The contract period is five years from 2027 to 2032, and can be extended by mutual agreement.
The industry speculates that the counterparty for the contract is electric vehicle manufacturer Tesla. POSCO Future M signed another deal with Tesla in last October to supply natural graphite anode materials worth about KRW 671 billion for four years starting in 2027. Including the latest supply volume, the total value of graphite anode materials the company is expected to supply to Tesla could reach as high as KRW 4 trillion, the largest order since the company has entered the anode materials business in 2011.

 
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