Money
LGES, Tesla Partner on $4.3 Billion Lithium Battery Cell Plant in Michigan
A significant investment in battery technology to support electric vehicle production.
editorial-staff
1 min read
Updated 25 days ago
Summary
LG Energy Solution (LGES) and Tesla have announced a joint venture to construct a lithium battery cell plant in Michigan, with a total investment of $4.3 billion.
This facility aims to significantly boost lithium battery production, which is critical for the growing electric vehicle market.
The location in Michigan is expected to strengthen local manufacturing capabilities, aligning with broader trends in infrastructure development for EV supply chains.
Key Facts
| Fact | Value |
|---|---|
| Primary source | Mining & Resources |
| Source count | 2 |
| First published | 2026-03-17T12:08:39.000Z |
Updates
Update at 20:53 UTC on 2026-03-17
CNBC reported 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.
Sources: CNBC
Sources
- Mining & Resources: https://news.google.com/rss/articles/CBMiuwFBVV95cUxOcFhWT2Q5U0tQdzJQeTdyU1Y3MGpTN3R2aDBMd2hCSlpZX2E4RDhvc2tGSmJfWWN1VWc0ckhMMWpmUGdTZkdtbEc4ZWtEUVQwMW1MRzRENkdWSVJNZXNqUl9EdXFFbWd6azNjS1I0ZDdkNFdfT19mdjdKTGVhdEpvSlVLUjRfMkpUdzFfYzJwTVdTb1hWQnI4NXlzZElMZkhyOXlHMnI5T1I5NW1MZ1B3SnhwS3dTUjFNOEpB?oc=5
- CNBC: https://www.cnbc.com/2026/03/17/tesla-to-buy-4-point-3-billion-lg-energy-battery-cells-made-in-michigan.html