Tesla Signs $2 Billion ESS Battery Supply Deal with Samsung SDI

Tesla will purchase energy storage system (ESS) batteries worth $2 billion from Samsung SDI over the next three years.

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Terms & Concepts
  • Energy Storage System (ESS): A system that stores energy for later use, often using large-scale batteries for grid or commercial applications.
  • Samsung SDI: The battery and energy storage division of South Korean conglomerate Samsung, specializing in lithium-ion and next-generation battery technologies.