"American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain. The new Tesla agreement was part of a broader statement on deals highlighted by President Donald Trump's administration from the Indo-Pacific Energy Security Summit."
"A source told Reuters in July that LG Energy Solution had signed a $4.3 billion US deal to supply Tesla with energy storage system batteries as the U.S. company looked to reduce its reliance on Chinese imports due to tariffs."
"LG Energy Solution is one of the few producers of LFP batteries in the U.S. The LFP battery chemistry has long been dominated by Chinese rivals that have little presence in the U.S. market."
Tesla and South Korea's LG Energy Solution have signed an agreement to construct a $4.3 billion lithium iron phosphate (LFP) battery cell manufacturing facility in Lansing, Michigan, with production expected to begin in 2027. American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, strengthening the domestic battery supply chain. This deal reflects efforts to reduce reliance on Chinese imports amid tariff concerns. LG Energy Solution is among few U.S. producers of LFP batteries, as Chinese competitors have historically dominated this chemistry with minimal U.S. market presence. LG also owns NextStar Energy in Ontario, a similar battery facility that recently shifted focus toward energy storage due to weak EV market conditions.
#battery-manufacturing #electric-vehicles #supply-chain-localization #energy-storage #us-south-korea-partnership
Read at www.cbc.ca
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