US government confirms Tesla and LG Energy Solution's $4.3 billion battery deal - Reuters

The U.S. government has confirmed a $4.3 billion battery manufacturing deal between Tesla and LG Energy Solution, marking a significant investment in domestic EV battery production. The partnership is expected to expand lithium-ion battery capacity in the United States, addressing supply chain vulnerabilities for electric vehicles at a time when automakers are racing to secure reliable domestic sourcing. The deal aligns with the Trump administration's push to strengthen American manufacturing and reduce reliance on foreign battery suppliers, particularly China. The project will likely support Tesla's production expansion while also positioning LG Energy Solution to capture a larger share of the U.S. battery market as EV adoption accelerates.