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Tesla Signs $4.3 Billion Battery Supply Pact With LG Energy
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Tesla Signs $4.3 Billion Battery Supply Pact With LG Energy
(Bloomberg) — Tesla Inc. agreed to buy $4.3 billion worth of US-built batteries from LG Energy Solution Ltd., a person familiar with the matter said, in a deal that should eventually boost the carmaker’s slowing energy storage business. Over the summer, LG Energy announced in a regulatory filing that it had secured a 5.9 trillion won contract to supply lithium iron phosphate, or LFP, batteries overseas over three years starting August 2027. Tesl…
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