Overview
- The Korea Economic Daily, citing an unnamed industry source, reported a three-year supply arrangement focused on batteries for Tesla’s energy storage products.
- The report says Samsung SDI would provide about 10 GWh of ESS batteries per year for Megapack and Powerwall, with supply purportedly beginning in 2024.
- Samsung SDI responded that nothing has been decided yet, and Tesla has not commented on the report.
- The arrangement, if reached, would broaden Tesla’s supplier base beyond CATL as the company scales its energy business, which has logged record deployments.
- CoinCentral noted that shares of both companies rose on the news, reflecting investor optimism despite the lack of confirmation.