U.S. government confirms Tesla and LG Energy Solution's $4.3B battery deal

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Electric Vehicle Control Unit installed on electric system of eco car engine, Automotive part concept.

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The US government confirmed that Tesla (TSLA) and South Korea's LG Energy Solution signed a $4.3B battery supply and manufacturing deal.

The agreement involves building a lithium iron phosphate prismatic battery cell factory in Lansing, Michigan. Batteries produced there will power Tesla’s (

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