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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Tesla and LG Energy plan to build a $4.3 billion battery plant in Michigan, with an annual capacity of 50 GWh, set to begin production next year. The American-made batteries will power Tesla's Megapack 3 energy storage systems. Additionally, Tesla aims to add 100 gigawatts of solar capacity in the United States.