Lithuanian-phosphate batteries will be delivered by the Ilona mask from the Lges to Michigan.
The South Korean company LG Energy Solution (LGES) has signed a $ 4.3 billion contract for the supply of battery (LFP) for Tesla. The delivery will be carried out from the Lges factory in Michigan, which will allow an American company to reduce hope for Chinese imports against the background of tariff pressure. Reuters reported this on Wednesday, July 30, with a reference to an unidentified source.
The supply will last from August 2027 to July 2030, with the potential to expand the agreement for up to seven years and increase the volume of delivery.
On Wednesday, Lges officially announced the signing of a contract for $ 4.3 billion for global supplies of LFP accumulators, but he did not indicate the customer and did not specify whether to talk about vehicles or energy storage systems.
Tesla did not officially respond to Reuters’ request about confirmation.
In April, the financial director of Tesla Vaibhav Taney said the US tariffs had “not equivalent influences” on the company’s energy business, as the LFP-Akumulators were imported from China.
The LGES is one of the few LFP-Accumulators manufacturers in the United States, while this segment mainly dominates Chinese companies. Against the rear of a decline in demand for de -electrical cars, LGES plans to repair the component of labor in energy accumulation systems, the demand growing due to the expansion of data centers and the development of artificial intelligence.
The Tesla unit for storing and generation of energy provides more than 10% of the company’s income, however, it shows a steady growth against the background of a collapse in car sales and the expected reduction in state support of de -electric cars.
Earlier, the company entered a contract with South Korea Samsung Electronics for the supply of chips for $ 16.5 billion.
Remember, on June 5, Tesla’s sharing dropped by 14%, reducing the cost of a manufacturer of electric vehicles by $ 152 billion. This is the biggest blow to the market capitalization of history in the midst of the scandal between US President Donald Trump and Tesla founder Ilon Musk.
After a few hours, Tesla stocks restored the growth against the background of an apology from the mask.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.