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Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Production is slated to begin next year, the Department of the Interior said in a statement . The facility will have an annual capacity of 50 GWh. “American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain,” the statement also said. Bloomberg last year reported the deal was in the making, citing sources as saying the batteries to be built at the facility will be used in energy storage installations rather than electric vehicles. The batteries will use lithium iron phosphate technology, which is dominated by Chinese companies. LG Energy is one of the few non-Chinese manufacturers using the technology. The initial news reports about the battery plant last July came less than a week after LG Energy warned about slowing EV battery demand because of the tariffs that President Trump was imposing on trade partners around the world. The company also named the Trump administration's phaseout of EV subsidi
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