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,

LG Energy Solution (LGES) has signed a lithium iron phosphate (LFP) battery supply deal worth KRW5.94 trillion (approx. US$4.25 billion). Although the customer was not named due to a confidentiality clause,

According to Reuters, Tesla has signed a $4.3 billion battery supply deal with LG Energy Solution to reduce China reliance and cushion US tariff impact on its energy storage business.