Finance
South Korea's LG Energy Solution wins battery orders from Mercedes-Benz
Published by Global Banking & Finance Review®
Posted on September 3, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 3, 2025
1 min readLast updated: January 22, 2026
LG Energy Solution wins a major battery supply deal with Mercedes-Benz, securing 32 gigawatt-hour batteries by 2035, with additional contracts extending to 2037.
SEOUL (Reuters) -South Korea's LG Energy Solution has won an order to supply electric vehicle batteries to Mercedes-Benz AG, according to a company filing on Wednesday.
LG Energy Solution will supply 32 gigawatt-hour batteries to the German automaker by the end of 2035, the Seoul-based firm said, without disclosing the value of the contract.
In a separate filing, the company said it had signed another contract with a Mercedes-Benz affiliate to sell 75 gigawatt hours of batteries in total by the end of 2037.
The company was not able to make further details of the deals public, a spokesperson said by phone.
In October 2024, the Korean company announced an order for supplying 50.5 gigawatt-hour batteries from the German carmaker.
LG is building battery plants in the U.S. and Europe for customers including Tesla Inc., General Motors and Mercedes- Benz, helping their ambition to build new supply chains for manufacturing electric vehicles and reduce reliance on China.
(Reporting by Heejin Kim and Ju-min ParkEditing by Ed Davies)
LG Energy Solution will supply a total of 107 gigawatt-hours of batteries to Mercedes-Benz by the end of 2037.
The battery supply is expected to be completed by the end of 2035 for the first order and by the end of 2037 for the second contract.
LG Energy Solution is also building battery plants for customers including Tesla Inc. and General Motors.
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