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Mercedes-Benz AG Signs $300 Million Lithium Supply Agreement with Titan Lithium in UAE

ENERGY STORAGE

Mercedes-Benz AG has entered into a $300 million supply agreement with Titan Lithium Industries Ltd for battery-grade lithium, aimed at bolstering its electric vehicle portfolio. This partnership supports the UAE's goals for localizing strategic value chains and expanding critical materials manufacturing, with commercial supply anticipated to begin in 2028. Titan Lithium's refinery in Abu Dhabi will utilize clean energy for the lithium refining process.

Mercedes-Benz AG Signs $300 Million Lithium Supply Agreement with Titan Lithium in UAE

Jan 23, 2026, 9:42 AM

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