Mercedes-Benz AG Signs $300 Million Lithium Supply Agreement with Titan Lithium in UAE
Titan Lithium Industries Ltd has signed a supply framework agreement with Mercedes-Benz AG to provide battery-grade lithium for the automaker's global electric-vehicle portfolio. Valued at over $300 million (AED1.1 billion), the agreement supports Mercedes-Benz's electrification roadmap and establishes Titan Lithium as a supplier within its global battery materials supply chain.
The partnership aligns with the UAE's industrial and energy-transition goals to localize strategic value chains and expand downstream manufacturing of critical materials. Titan Lithium's refinery, located in Khalifa Economic Zones Abu Dhabi (KEZAD), utilizes clean energy for lithium refining. Commercial supply is expected to commence in 2028, subject to customary conditions.
