EXCLUSIVE-LG Energy Solution, Tesla sign $4.3 bln battery supply deal, source says
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LG Energy Solution has signed a $4.3 billion contract to supply Tesla with lithium iron phosphate (LFP) batteries for energy storage systems. The batteries will be produced at LGES's U.S. factory. While LGES confirmed the contract, it did not specify whether the batteries would be used in vehicles or energy storage systems. This deal highlights LGES's ongoing relationship with major customers like Tesla and General Motors.
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