In what appears to be significant strategic pivot, Samsung SDI will begin supplying prismatic lithium iron phosphate (LFP) batteries for energy storage systems under a fresh US contract worth more than 2 trillion won (~$1.35 billion). The move will see the company shift US EV battery production lines to ESS output ahead of 2027.
Expand Expanding CloseSamsung SDI shifts US focus from EVs to BESS solutions