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Tesla Signs Billion Dollars Battery Deal With LG Energy Solution

Summary by Lowyat.NET
Electric vehicle (EV) giant Tesla has reportedly signed a US$4.3 billion (approximately RM20.21 billion) deal with LG Energy Solution Ltd for the supply of lithium iron phosphate (LFP) batteries. The agreement marks a strategic move by Tesla to reduce its reliance on China’s CATL, currently the world’s largest battery manufacturer. Under the terms of the deal, LG Energy Solution will supply LFP batteries to Tesla starting August 2027 through Jul…
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Lowyat.NETLowyat.NET

Tesla Signs Billion Dollars Battery Deal With LG Energy Solution

Electric vehicle (EV) giant Tesla has reportedly signed a US$4.3 billion (approximately RM20.21 billion) deal with LG Energy Solution Ltd for the supply of lithium iron phosphate (LFP) batteries. The agreement marks a strategic move by Tesla to reduce its reliance on China’s CATL, currently the world’s largest battery manufacturer. Under the terms of the deal, LG Energy Solution will supply LFP batteries to Tesla starting August 2027 through Jul…

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Lowyat.NET broke the news in on Sunday, August 3, 2025.
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