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Tesla's $4.3B battery agreement with LGES signals a shift towards domestic manufacturing, boosting US ETFs while China-focused ones may suffer.

Tesla Inc.’s (NASDAQ:TSLA) new $4.3 billion battery agreement with South Korea’s LG Energy Solution is a sweeping gesture toward reshoring battery making. With the production of lithium iron phosphate (LFP) batteries in Michigan, Tesla is essentially dimming the lights on China’s battery behemoths (say hello to CATL and friends), according to a Reuters report. This switch has far-reaching implications for ETFs seeking to capitalize on the global trends in clean energy and manufacturing. Also Rea

Two performers in Shandong, China stood on opposing Tesla Coils and shared a stream of electricity between them as they danced.

IN A NUTSHELL 🚗 Recent investigations reveal that Chinese electric vehicle brands like Neta and Zeekr may have inflated their sales figures. 📈 The alleged practice involves registering vehicles as sold when they are merely insured, potentially misleading investors and consumers. 💼 Companies involved claim these vehicles were meant for showrooms, but the lack of

SEOUL, July 30 (Reuters) - South Korea's LG Energy Solution (LGES) (373220.KS), has signed a $4.3 billion deal to supply Tesla (TSLA.O)

The lithium iron phosphate (LFP) batteries will be supplied from LG’s U.S. factory in Lansing, Mich., Reuters reported.

The new Yuan Up variant starts at RMB 74,800 ($10,400) and does not feature a smart driving system, hinting at a shift in BYD's strategy.