The President Donald Trump administration’s Department of the Interior (DOI) has revealed a series of deals totaling around $56 billion, including a deal between Tesla Inc. (NASDAQ:TSLA) and South Korea’s LG Energy Solutions to kick off production of a $4.3 billion battery plant.
Securing Critical Supply Chain
In an official statement released on Monday, the agency confirmed that it had “catalyzed” agreements worth over $56 billion in “private sector commitments that will create good-paying American jobs and secure critical energy supply chains.” Among the agreements, the DOI also mentioned the deal between Tesla and LG Energy.
“Tesla and LG Energy Solution are expanding their partnership with a supply agreement to build a $4.3 billion LFP prismatic …
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