AssetID: 54951041
Headline: UNCAPTIONED: Tesla Secures $4.3B U.S. Battery Deal with LG to Cut China Dependence
Caption: LG Energy Solution has signed a $4.3 billion deal to supply Tesla with lithium iron phosphate, or LFP, batteries for energy storage systems—marking a major pivot away from Chinese imports. The batteries will be produced at LG's U.S. factory in Michigan, as Tesla looks to dodge rising tariffs on Chinese goods. The deal will run from August 2027 to July 2030, with options to expand both duration and volume. LG confirmed the contract Wednesday but didn't name Tesla due to confidentiality. Tesla hasn't commented, but its CFO previously said the company is actively seeking non-Chinese suppliers for its storage business. The move highlights a growing shift in U.S. clean tech manufacturing, as LG is one of the few local producers of LFP batteries, traditionally dominated by China. This comes the same week Tesla announced a massive $16.5 billion chip supply deal with Samsung, further deepening ties with South Korean tech giants. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Tesla,LG Energy Solution,\$4.3 billion deal,LFP batteries,lithium iron phosphate,energy storage systems,U.S. battery manufacturing,Michigan factory,China dependence,tariff avoidance,August 2027,July 2030,clean tech,non-Chinese suppliers,U.S. supply chain,Tesla CFO,Samsung chip deal,\$16.5 billion,South Korean tech,U.S.-South Korea relations,2025 energy transition
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