tech
Tesla to buy $4.3 billion of LG Energy battery cells from disbanded GM plant
Tesla is expanding ties with LG Energy Solution to include a $4.3 billion deal for U.S.-produced cells for energy storage systems from Michigan.
TL;DR
- Tesla is expanding its collaboration with LG Energy Solution.
- A $4.3 billion deal has been made for battery cells.
- The cells will be produced in the U.S., specifically from Michigan.
- These battery cells are intended for energy storage systems.