LG to Produce $4.3 Billion of Batteries in Michigan for Tesla
LG Energy will produce US$4.3 billion of batteries in Michigan for Tesla’s Megapack 3 energy storage systems, supporting a more domestic battery supply chain. The deal follows LG’s reported tariff exposure and its push to localize LFP manufacturing. Demand for U.S. data-center storage is forecast to surge through 2035.