Tesla and LG Energy Solution to establish $4.3 billion battery plant in Michigan
The plant will produce LFP battery cells for Tesla's Megapack 3, enhancing the US battery supply chain
The US government confirmed a supply agreement between Tesla and South Korea's LG Energy Solution to establish a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan, anticipated to begin production in 2027.
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