Tesla to buy $2 bln of ESS batteries from Samsung SDI over 3 years, newspaper says

Samsung SDI

03/11/2025 08:30

SEOUL, Nov 3 (Reuters) - South Korea's Samsung SDI 006400.KS has reached an agreement with Tesla to supply more than 3 trillion won ($2.11 billion) worth of ESS (Energy Storage System) batteries to Tesla TSLA.O over three years, the Korea Economic Daily reported on Monday.

The newspaper cited an unnamed source in the battery industry.

Samsung SDI said nothing had been decided yet. Tesla did not immediately respond to a request for comment.

($1 = 1,421.4800 won)

 (Reporting by Heekyong Yang and Joyce Lee
Editing by Ed Davies)

 ((joyce.lee@tr.com;))