Tesla signs $4.3 billion LGES battery deal, source says, reducing China reliance

SEOUL, July 30 (Reuters) - South Korea's LG Energy Solution (LGES) (373220.KS), opens new tab has signed a $4.3 billion deal to supply Tesla (TSLA.O), opens new tab with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs.
The lithium iron phosphate (LFP) batteries will be supplied from LGES's U.S. factory in Michigan, the person said on condition of anonymity because the details were not public.