Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
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.
