Tesla (TSLA) reportedly secures massive $2.1 billion battery deal with Samsung SDI, but not for its cars

Tesla Magazine

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Summary A Giant Step for Energy Storage Economic and Industrial Implications A Promising Future for Global Collaboration Reserves and Next Steps In a recent development that could revolutionize the global energy sector, an article revealed that Samsung SDI and Tesla were in talks about a major agreement to supply storage batteries...

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According to a report in the Korea Economic Daily, Samsung SDI is on the verge of a major order from Tesla. The South Korean battery manufacturer is reportedly set to supply energy storage systems (ESS) worth more than three trillion won – approximately 1.79 billion euros. The contract is expected to run for three years. The newspaper cited an anonymous source in the battery industry who explained that the batteries are for stationary energy sto…