Samsung SDI rose in early trading on the 10th on news that it signed a large-scale order contract in the United States.
As of 9:30 a.m., Samsung SDI was trading at 321,500 won, up 11,500 won (3.71%) from the previous session.
Samsung SDI said before the regular session opened that its U.S. subsidiary, SDIA, signed a multi-year contract with a U.S. energy-related infrastructure development and operations company to supply lithium iron phosphate (LFP) batteries for energy storage systems (ESS).
The contract is worth about 2 trillion won. Supply is set to run for about three years starting in 2027.
The LFP battery cells that Samsung SDI will supply this time will be installed in SBB (Samsung Battery Box) 2.0, an integrated ESS battery solution. A company official said, "In addition to this order, we are in talks with multiple global customers on supplying LFP and nickel-based ternary batteries, so additional contracts are expected going forward."