US confirms Tesla and LG's $4B battery deal in Lansing [Yahoo! Finance]
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Source: Yahoo! Finance
LANSING, Mich. (WLNS) — Electric vehicle maker Tesla and South Korea's LG Energy Solution have signed an agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, the U.S. Department of the Interior announced on Monday. Production is expected to launch in 2027. “American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain,” the department said in a news release. The agreement was announced as part of several deals made by President Donald Trump, and 6 News confirmed the order with a City of Lansing spokesperson. The facility was initially announced in 2022 as a joint venture between General Motors Co. and LG, to be an Ultium Cells plant, but GM sold its stake in May 2025. Late last year, LG retooled the facility to build LFP prismatic cells. LG disclosed in July 2025 that it signed a $4.3 billion deal but did not name the customer publi
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