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flag Tesla to build Michigan plant with LG Energy Solution for $4.3B, supplying U.S.-made LFP batteries starting 2027.

flag The U.S. government has confirmed Tesla is the buyer in a $4.3 billion deal with LG Energy Solution to build a lithium iron phosphate (LFP) battery cell facility in Lansing, Michigan, with production set to begin in 2027. flag The plant will supply cells for Tesla’s Megapack 3 energy storage systems made in Houston, strengthening domestic battery manufacturing and reducing reliance on foreign supply chains. flag The agreement, valued at approximately $4.26 billion, covers three years of supply starting August 2027 and represents a major step in expanding U.S. LFP battery production, a technology long dominated by Chinese firms.

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