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US confirms Tesla (TSLA) is buyer in LG’s $4.3B LFP battery deal for Megapack 3
Tesla Energy Mar 17, 2026

US confirms Tesla (TSLA) is buyer in LG’s $4.3B LFP battery deal for Megapack 3

The US government has confirmed Tesla is the buyer in LG Energy Solution's $4.3 billion deal for lithium iron phosphate (LFP) batteries. This three-year supply agreement, starting in 2027, will provide cells from Michigan for Tesla's next-generation Megapack 3 energy storage systems. This secures a major, localized battery supply for Tesla's growing utility-scale energy storage business.