Tesla Signs $4.3Bn Battery Deal With South Korea’s LGES

July 30, 2025

Catenaa, Wednesday, July 30, 2025- Tesla has signed $4.3 billion deal with South Korea’s LG Energy Solution to supply the EV maker with energy storage system batteries, cutting reliance on China. Quoting sources, Reuters reported on Wednesday that the lithium iron phosphate (LFP) batteries will be supplied from LGES’s US factory in Michigan. LGES announced […]