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LG Energy Solution Lands $4.3B Tesla Battery Deal

7/30/2025

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Summary

Story summary

LG Energy Solution secured a $4.3 billion contract to supply lithium iron phosphate batteries, likely for Tesla.
The contract spans from August 2027 to July 2030, with a potential extension to 2034.
This deal accounts for 23% of LG's revenue from last year and is linked to its Michigan plant.
Increased US tariffs on Chinese batteries are boosting demand for LG's offerings in the US market.

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Story summary

LG Energy Solution secured a $4.3 billion contract to supply lithium iron phosphate batteries, likely for Tesla.
The contract spans from August 2027 to July 2030, with a potential extension to 2034.
This deal accounts for 23% of LG's revenue from last year and is linked to its Michigan plant.
Increased US tariffs on Chinese batteries are boosting demand for LG's offerings in the US market.