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TESLA CHINA $4.3 BILLION LGES BATTERY DEAL, REDUCING CHINA RELIANCE

  • NEWS Desk Global
  • Jul 30
  • 1 min read

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South Korea's LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs.

The lithium iron phosphate (LFP) batteries will be supplied from LGES's U.S. factory in Michigan, the person said on condition of anonymity because the details were not public.

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