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News

Tesla picks LGES, not CATL

Autoblog on MSN · 1d
Why Tesla’s $4.3 Billion Battery Deal Is Actually About Escaping China
Tesla has signed a $4.3B battery supply deal with LG Energy Solution, shifting energy storage production to the U.S. and reducing reliance on China.
Electrek · 2d
Tesla is rumored to be behind LG’s $4 billion LFP battery cell order
Tesla is rumored to be behind a large $4 billion lithium-iron phosphate (LFP) battery cell order with Korea’s LG
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.
autoevolution
23h
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
Tesla's $4.3B Battery Pivot Just Shook the Supply Chain--But Investors Didn't Cheer
The move comes as Tesla looks to ease reliance on Chinese battery suppliers and offset the pressure from recent tariffs ...

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