Tesla and LG Energy Solution to Build $4.3B Battery Plant in Michigan by 2027

Tesla and LG Energy Solution will construct a $4.3 billion lithium iron phosphate battery plant in Lansing, Michigan, with production slated for 2027. This factory aims to supply batteries for Tesla’s Megapack 3 energy storage systems, enhancing the US domestic supply chain. The plant aligns with broader US government efforts to secure energy supplies and bolster manufacturing resilience.