South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
LG Energy Solution Signs Major EV Battery Deal with Mercedes-Benz
South Korea's LG Energy Solution has signed a major agreement to supply electric vehicle (EV) batteries to a Mercedes-Benz affiliate in North America and other regions, as announced on Tuesday. The deal reinforces LG’s growing presence in the EV battery market.
Key Details of the Deal
In a regulatory filing, LG Energy Solution stated it will supply 50.5 gigawatt-hours (GWh) of EV batteries over 10 years from 2028 to 2038. Although the financial details of the contract were not disclosed, the deal positions LG as a strategic supplier to one of the world’s top automakers.
EV Industry Trends
The announcement comes as the automotive industry faces challenges. Major automakers, including General Motors (GM) and Ford, have reported weaker quarterly sales due to rising vehicle affordability concerns. Meanwhile, Tesla posted lower-than-expected quarterly delivery figures earlier this month, underscoring the cautious spending behavior of buyers.
Why It Matters
As electric vehicle adoption accelerates globally, battery suppliers like LG Energy Solution are becoming indispensable partners for automakers moving toward electric mobility. This long-term partnership with Mercedes-Benz strengthens LG’s position in the EV ecosystem.
Securing consistent battery supplies is crucial for automakers aiming to maintain production levels and meet the growing consumer demand for EVs.
