News Today: It looks like a NA Mercedes affiliate has thrown its lot in with Korea’s LG for a 10 year battery supply.
South Korea's LG Energy Solution (373220.KS) said on Tuesday it signed a deal to supply electric vehicle batteries to a Mercedes-Benz (MBGn.DE) affiliate in North America and other regions.The battery maker said in a regulatory filing it would supply 50.5 gigawatt per hour in batteries over 2028-2038, but said it cannot disclose the monetary size of the contract.
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