Samsung SDI signs W1.6tr cathode deal with L&F in ESS push

Samsung SDI said Tuesday that it signed a 1.6 trillion won ($1.1 billion) cathode supply deal with L&F, strengthening its position in the North American energy storage system market through a battery materials supply chain outside China. Under the agreement, Samsung SDI will source cathode materials from Daegu-based battery materials supplier L&F for its cost-competitive lithium iron phosphate batteries used in energy storage systems. The agreement will run for three years from 2027, with an opt

By The Korea Herald