Overview
- Samsung SDI said discussions with Tesla are underway and that nothing has been finalized, while Tesla has not commented.
- South Korean media describe a three‑year agreement worth about 3 trillion won for roughly 10 GWh of ESS‑grade LFP cells per year.
- Production would likely come from Samsung SDI’s Stellantis joint venture in Indiana as EV battery lines are converted to ESS and U.S. capacity targets reach about 30 GWh.
- The prospective deal aligns with Tesla’s effort to diversify away from Chinese suppliers under U.S. tariffs and FEOC‑related rules to protect incentives.
- Samsung SDI shares rose as much as about 8% in early trading after reports of the talks.