China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
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.
