Tesla Signs $2 Billion Battery Supply Deal with Samsung SDI for Energy Storage Systems

Tesla has officially signed a $2 billion long-term battery supply agreement with Samsung SDI, marking one of the most significant partnerships in the global energy storage industry. The deal will supply advanced cylindrical batteries for Tesla’s expanding Energy Storage Systems (ESS), including Megapack and Powerwall units. This move strengthens Tesla’s ambition to become a dominant force not just in electric vehicles, but in worldwide renewable energy storage.