Energy Storage News•about 6 hours ago
LG Energy Solution’s US$4.3 billion agreement with Tesla, and LFP manufacturing with GM
- •LG Energy Solution has secured a US$4.3 billion battery supply agreement with Tesla, indicating significant demand and investment in battery technology.
- •LGES is simultaneously upgrading a US-based EV battery plant with GM to produce ESS (Energy Storage System) cells, including LFP technology, increasing domestic manufacturing capacity.
- •The announcement by the US government suggests policy support or strategic importance for these domestic battery manufacturing expansions.
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