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LG Energy Solution secures $10.7B battery supply deal with Mercedes-Benz – Telematics Wire
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[Digital Daily Reporter Ko Seong-hyeon] LG Energy Solution has ignited a spark of hope by securing a mid- to long-term order for the 46 Series. This comes after signing a large-scale contract with Mercedes-Benz for the European and US markets. This decision is raising concerns about whether the company's long-term investment direction will change. According to industry sources on the 4th, LG Energy Solution announced a contract with Mercedes-Ben…
LG Energy Solution secures $10.7B battery supply deal with Mercedes-Benz – Telematics Wire
News, 4 September 2025 South Korean battery maker LG Energy Solution (LGES) announced in a regulatory filing that it has signed two contracts to supply a total of 107 GWh of batteries to Mercedes-Benz AG and an affiliated company over the next decade. The agreements, estimated at around KRW 15 trillion (US$ 10.7 billion) based on current market prices, follow an earlier October 2024 deal for 50 GWh of batteries. As part of the agreements, Merced…
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