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Tesla and LG Sign $4.3B Deal for Michigan Battery Facility

3/17/2026

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Summary

Story summary

The U.S. government announced on March 16, 2026 that Tesla and LG Energy Solution signed a $4.3 billion agreement.
The agreement funds the construction of an LFP battery cell facility in Lansing, Michigan.
The facility will supply batteries for Tesla's Megapack 3 energy storage systems, with production starting in 2027.
The deal aims to strengthen the domestic battery supply chain and reduce reliance on Chinese imports.

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Story summary

The U.S. government announced on March 16, 2026 that Tesla and LG Energy Solution signed a $4.3 billion agreement.
The agreement funds the construction of an LFP battery cell facility in Lansing, Michigan.
The facility will supply batteries for Tesla's Megapack 3 energy storage systems, with production starting in 2027.
The deal aims to strengthen the domestic battery supply chain and reduce reliance on Chinese imports.