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Tesla picks LGES, not CATL

Autoblog on MSN · 3d

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.

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 · 4d

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.

autoevolution2d

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 ...

4d

LG & Tesla, Hershey trims outlook, Peloton upgraded

Market Catalysts host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute. LG ...

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