LG Energy Solution wins $11 billion battery supply deal from Mercedes-Benz

LG Energy Solution Ltd., one of the world’s top battery makers, has won an order to supply electric vehicle batteries to German automotive giant Mercedes-Benz in a deal estimated at 15 trillion won ($10.8 billion).

The South Korean battery maker said in a regulatory filing on Wednesday that it had signed two contracts to provide a total of 107 gigawatt-hours (GWh) of batteries to the German automotive group.