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Samsung SDI poised to sign deal with Tesla

Samsung SDI and Tesla Motors are in the final stage of signing a contract for the Korean firm to supply lithium ion batteries for the California-based electric carmaker, according to industry sources.

“We understand SDI and Tesla are undergoing last-minute tests before the Korean company starts to supply its batteries,” said a source close to the matter.

Final steps before the contract is inked include testing the battery life, which will be conducted by Samsung SDI, coupled with driving and safety tests, which are to be carried out jointly by SDI and Tesla.

The Tesla model that SDI will supply has yet to be specified, but sources said it was likely to be the Model S, which is selling strong, and possibly the Model X, which is to be produced starting next year.
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