The deal also reduces Tesla’s reliance on Chinese suppliers. LGES will produce the LFP cells at its factory in Michigan, says Reuters, and so they will not be subject to the Trump trade war tariffs, unlike Chinese-made cells from CATL.

LG Energy Solution, a key battery supplier for GM, has reportedly signed a $4.3 billion battery deal to supply lithium iron phosphate batteries to Tesla.

South Korea's LG Energy Solution has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs.

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

Tesla is rumored to be behind a large $4 billion lithium-iron phosphate (LFP) battery cell order with Korea’s LG

South Korean battery maker LG Energy Solution (LGES) has signed a $4.3 billion contract to supply Tesla with lithium iron phosphate (LFP) batteries for energy storage systems, a person familiar with the matter said on Wednesday.

LG Energy Solution (LGES), a South Korean battery manufacturer, has signed a $4.3 billion agreement with Tesla to become the primary supplier of batteries for the electric vehicle giant’s energy storage systems.

LG Energy Solution secured a $4.3 billion battery contract, targeting the North American energy storage market amid rising demand.

The company said that details of the agreement such as the deal amount were subject to change and the contract period could be extended by up to seven years.

Tesla Inc (NASDAQ: TSLA) and South Korea’s LG Energy Solution Ltd have inked a $4.3 billion deal for lithium iron phosphate batteries designated for energy storage, Reuters reported Wednesday. According to a source familiar with the matter cited by Reuters,