Samsung SDI Secures $1.2 Billion LFP Cathode Supply Deal with L&F for North American Energy Storage Market

Samsung SDI has signed a supply agreement worth KRW 1.6 trillion ($1.2 billion) with L&F for lithium iron phosphate (LFP) cathode materials over three years, starting in 2027. The materials will be used for energy storage system (ESS) batteries at StarPlus Energy in Indiana, U.S. This deal aims to strengthen Samsung SDI's position in the North American market and diversify supply chains away from China amid tightening U.S. regulations.

Published Mar 24, 2026

Samsung SDI has signed a mid- to long-term supply agreement with L&F for cathode materials valued at KRW 1.6 trillion ($1.2 billion) over three years beginning in 2027. The materials will support the production of lithium iron phosphate (LFP) batteries at StarPlus Energy, a joint venture with Stellantis in Indiana, U.S.

AI-curated by Theia

The deal includes an option to extend supply for an additional three years. This partnership is part of Samsung SDI's strategy to diversify its supply chain from China, responding to stricter U.S. regulations. The company aims to strengthen its competitive position in the North American energy storage system market.