U.S. Confirms $4.3 Billion Tesla-LG Agreement to Build LFP Battery Plant in Michigan
The U.S. government said Tesla and South Korea’s LG Energy Solution have signed an agreement to construct a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell production facility in Lansing, Michigan, with production expected to begin in 2027. The Department of the Interior said American-made cells will power Tesla’s Megapack 3 energy…