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News

Tesla strikes $4.3B battery supply deal with LG Energy

Ars Technica · 3d
Tesla picks LGES, not CATL, for $4.3 billion storage battery deal
The deal also reduces Tesla’s reliance on Chinese suppliers. LGES will produce the LFP cells at its factory in Michigan, says Reuters, and so they will not be subject to the Trump trade war tariffs, unlike Chinese-made cells from CATL.
Seeking Alpha on MSN · 3d
Tesla strikes $4.3B battery supply deal with LG Energy - report
Tesla (TSLA) has reached a $4.3 billion agreement with South Korean battery manufacturing company LG Energy Solution to procure lithium iron phosphate ((LFP)) batteries, according to multiple published reports citing sources familiar with the matter.
Benzinga · 3d
Elon Musk's Tesla, LG Energy Solutions Sign $4.3 Billion Battery Deal: Report
LG Energy Solutions and Tesla have signed a $4.3 billion deal for LFP batteries. LG will supply batteries to Tesla from its U.S. facility.
autoevolution
1d

Tesla's Poor Vehicle Sales Have Blown LGES 4680 Cell Production to Smithereens

LG's battery business took a significant hit after Tesla canceled plans to buy its 4680 battery cells amid disappointing ...
2d

LG & Tesla, Hershey trims outlook, Peloton upgraded

Market Catalysts host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute. LG ...

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