LG Energy Solution and Mercedes-Benz reach $11 billion electric vehicle battery agreement (107GWh), totaling over 157.5GWh in collaboration, with deliveries from 2028 to 2037.
Stock performance: Shares surged nearly 7% in early Seoul trading, closing up 5.3% at 448,500 KRW (approximately $304.31)).
Market impact: LG solidifies its position in the premium battery market, boosting performance expectations; long-term partnerships among industry leaders intensify competition and accelerate technological iteration; Mercedes-Benz secures stable supply, supporting its electrification transformation.
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LG Energy Solution and Mercedes-Benz reach $11 billion electric vehicle battery agreement (107GWh), totaling over 157.5GWh in collaboration, with deliveries from 2028 to 2037.
Stock performance: Shares surged nearly 7% in early Seoul trading, closing up 5.3% at 448,500 KRW (approximately $304.31)).
Market impact: LG solidifies its position in the premium battery market, boosting performance expectations; long-term partnerships among industry leaders intensify competition and accelerate technological iteration; Mercedes-Benz secures stable supply, supporting its electrification transformation.