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Gold
One platform for global traditional assets
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Demo Trading
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Alpha Points
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Futures Points
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Tesla, LG to build $4.3 billion battery cell plant in Lansing
Tesla and LG Energy Solution have signed a supply agreement to operate a $4.3 billion lithium iron phosphate prismatic battery cell manufacturing facility in Lansing, with production expected to begin in 2027. American-made cells from this plant will power Tesla’s Megapack 3 energy storage systems, aiming to create a robust domestic battery supply chain and reduce reliance on Chinese imports. This agreement was part of deals highlighted by the Indo-Pacific Energy Security Summit.