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March 18,2026

Tesla–LG Energy Invest $4.3B in Michigan LFP Plant to Localize Battery Supply

Tesla (U.S.) and LG Energy Solution (South Korea) are jointly investing $4.3 billion to establish an LFP battery cell manufacturing plant in Lansing, Michigan, with production expected by 2027. The facility is estimated to deliver ~50 GWh annual capacity, producing prismatic LFP cells primarily for Tesla’s Megapack energy storage systems.

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