Korean tech giant Samsung SDI announced a seven-year contract to deliver electric vehicle batteries to Hyundai Motor, starting in 2026. Not only does this spell a significant stride for both companies, but it also serves as their first-ever collaboration in the realm of EV batteries. Samsung SDI has a notable list of clients, including General Motors, Stellantis, and BMW. Hyundai will get prismatic batteries, fabricated at Samsung’s facility in Hungary for its EVs destined for European customers from 2026 to 2032. The exact financial contours of the agreement remain under wraps…. More…