NasdaqGS:TSLAAuto
Tesla And LG Energy Plant Puts More Weight On Energy Storage Story
Tesla (NasdaqGS:TSLA) and LG Energy Solution plan to build a new US battery cell plant in Michigan.
The partners expect to invest about $4.3b in the facility to support Tesla’s energy storage products.
The project is aimed at increasing US based battery capacity and reducing reliance on imported cells.
Tesla, trading around $395.56, is moving further into energy storage with this new manufacturing partnership. The stock shows a 66.2% return over the past year and a 115.9% return over three...