German carmaker expands partnership with Korean firm amid tightening carbon rules, rising China risk
LG Energy Solution has secured an additional 2 trillion won ($1.4 billion) battery supply contract with Mercedes-Benz — likely targeting midpriced electric vehicles, according to industry sources — further strengthening its presence across both premium and mass-market segments and widening its lead over Chinese rivals.
According to the company’s regulatory filing Monday, the latest deal accounts for 8 percent of LG Energy Solution’s revenue last year and covers battery supply to North America and Europe from March 1, 2028,
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