Archive · 8 Dec 2025
LG Energy Solution Signs $1.4B EV Battery Deal with Mercedes-Benz
LG Energy Solution, a company that makes batteries, has made a big deal with Mercedes-Benz, a car company.
They agreed to supply batteries for electric vehicles (EVs) worth about $1.4 billion.
This deal is important because it will help Mercedes-Benz make more kinds of electric cars, not just the expensive ones.
The batteries will be delivered to North America and Europe from 2028 to 2035.
LG Energy Solution makes different types of batteries, which helps them compete with other companies, like those from China.
This deal is part of Mercedes-Benz's plan to launch many new EV models by 2027.
It's also a good step for LG to become more important in the global market.
LG Energy Solution signed a $1.4 billion deal with Mercedes-Benz to supply EV batteries.
The contract runs from March 1, 2028, to June 30, 2035, covering North America and Europe.
The deal represents about 8% of LG Energy Solution's total revenue in 2023.
Mercedes-Benz plans to launch over 40 new EV models globally by 2027.
LG Energy Solution offers a diverse range of batteries for different vehicle types.
- Who
- LG Energy Solution and Mercedes-Benz Group AG
- What
- Signed a $1.4 billion deal for EV battery supply
- When
- Contract duration from March 1, 2028, to June 30, 2035
- Where
- Deliveries to North America and Europe
- Why
- To support Mercedes-Benz's electrification roadmap and diversify EV product lineup
- Companies Involved
- LG Energy Solution, Mercedes-Benz Group AG
- Deal Value
- 2.06 trillion won ($1.4 billion)
- Contract Duration
- March 1, 2028, to June 30, 2035
- Delivery Regions
- North America and Europe
- Percentage of LG's Revenue
- 8% of LG Energy Solution's total revenue in 2023
- Mercedes-Benz Electrification Plan
- Launch more than 40 new EV models globally by 2027
- LG's Battery Types
- Cylindrical 46-series, high-voltage mid-nickel pouch, lithium iron phosphate
