Tesla(US:TSLA) Zhi Tong Cai Jing·2025-07-30 07:18Group 1 - Tesla has signed a $4.3 billion agreement with LG Energy to procure lithium iron phosphate (LFP) batteries, which will be produced at LG's U.S. factory for energy storage systems, not for vehicles [2] - This is Tesla's second agreement with a South Korean manufacturer this month, following a $16.5 billion deal with Samsung Electronics for AI semiconductors [2] - LG Energy is seeking to expand its energy storage business in the U.S. and plans to increase LFP battery production at its joint venture plant with General Motors in Tennessee [2] Group 2 - LG Energy has announced a contract worth 5.9 trillion Korean won to supply LFP batteries overseas starting in August 2027 for three years, but did not disclose the customer or product use [3] - The agreement includes an option to extend the supply period by up to seven years and increase supply volume through negotiations with the customer [3] - South Korean battery manufacturers are competing to produce LFP batteries, which are cheaper and improve energy density in cold climates, enhancing competitiveness against Chinese rivals [3]