Tesla and LG Energy to Build $4.3B LFP Battery Plant

From：Internet Info Agency 2026-03-17 14:46:14

Tesla and LG Energy Solution have signed an agreement to jointly invest $4.3 billion in building a lithium iron phosphate (LFP) battery manufacturing plant in Lansing, Michigan. The batteries produced at this facility will be exclusively supplied to Tesla’s Megapack 3 energy storage system production line in Houston. The project is expected to commence operations in 2027, aiming to enhance Tesla's localized supply capabilities for its large-scale energy storage products and further advance its clean energy strategy.

Editor：NewsAssistant

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