Tesla picks LGES, not CATL, for $4.3 billion storage battery deal
20d ago
Technology
Ars Technica

Tesla has selected LG Energy Solution (LGES) over CATL for a $4.3 billion deal to supply storage batteries. The lithium iron phosphate (LFP) cells will be manufactured in Michigan, marking a significant investment in domestic battery production. This decision underscores Tesla's commitment to diversifying its battery suppliers and expanding its manufacturing footprint in the United States.