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 battery cell manufacturing facility,” the statement said. It added that the facility in Lansing, Michigan, will kick off production in 2027 for the automaker’s Megapack 3 energy storage system, produced in Houston, Texas.

Tesla’s Battery Efforts,

The news comes as Tesla had earlier signed an agreement worth $2 billion with South Korea’s Samsung SDI, after the company recorded sustained growth in its energy storage business, deploying a record 14.2 gigawatt-hours worth of batteries in Q4 2025.

The company had also filed a patent, unveiling a breakthrough in battery chemistry. The patent detailed a new ‘dicarbonate’ solvent (Dimethyl 2,5-dioxahexanedioate or DMOHC) and a new Lithium bis(fluorosulfonyl)imide (LiFSI) salt. The new chemistry can help a Lithium-Ion battery perform more efficiently under high voltage and high temperature conditions.

According to Benzinga Edge Rankings, Tesla scores well on the Momentum metric and also offers a favorable price trend in the Long term.

Price Action: TSLA declined 0.03% to $395.45 during overnight trading on Tuesday. It also declined 0.18% further to $394.83 during Pre-market trading on Tuesday.

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