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The U.S. Department of the Interior confirmed that Tesla Inc. is the buyer in a battery supply agreement with LG Energy Solution, announced in July. The deal involves a $4.3 billion investment to construct a lithium iron phosphate (LFP) battery cell manufacturing facility in Lansing, Michigan, with production starting in 2027.

This facility will produce batteries for Tesla's Megapack 3 energy storage systems, enhancing the domestic battery supply chain. LG Energy Solution is contracted to supply LFP batteries from August 1, 2027, to July 31, 2030, marking a significant partnership.