As part of the deal, LG Energy Solution will manufacture lithium iron phosphate batteries in the US from August 2027 to July 2030.

The South Korean battery maker secured a deal to supply Tesla with lithium iron phosphate batteries for three years.

Tesla has signed a massive $4.3 billion deal with LG Energy Solution to supply lithium-ion phosphate (LFP) batteries produced in the United States. The agreement will span from August 2027 through July 2030,