LG Energy already supplies batteries to Tesla and General MotorsGM. Tesla's decision to contract with LG Energy for LFP batteries comes just days afte

South Korea's LG Energy Solution has signed a $4.3 billion deal to supply Tesla 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.

LG Energy Solution has signed a $4.3 billion deal to supply Tesla with lithium iron phosphate, or LFP, batteries for energy storage systems—marking a major pivot away from Chinese imports.