Tesla and LG Energy to Build $4.3 Billion Battery Plant in Michigan

Tesla and LG Energy will jointly build a battery plant in Michigan that will cost $4.3 billion. Production is slated to begin next year, the Department of the Interior said in a statement. The facility will have an annual capacity of 50 GWh. “American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain,” the statement also said. Bloomberg last year reported the deal was in the making, citing sources as saying the batteries ...