Tesla to buy $4.3 billion of LG Energy battery cells from disbanded GM plant

• Tesla is expanding ties with LG Energy Solution and has agreed to buy $4.3 billion worth of battery cells for energy storage systems produced in Lansing, Michigan.
• The cells will be made by LG at a plant that was formerly developed for a joint venture between the Korean battery giant and General Motors before the automaker decided to retreat.
• Details of the Tesla-LG partnership were announced as part of $56 billion in private sector commitments during an Indo-Pacific Energy Security Summit in Japan.

Source: https://www.cnbc.com/2026/03/17/tesla-to-buy-4-point-3-billion-lg-energy-battery-cells-made-in-michigan.html