Tesla (TSLA) and LG Energy Solution (373220 KS) are to build a USD 4.3bln plant in Michigan
The announcement of Tesla and LG Energy Solution's joint venture to build a USD 4.3 billion plant in Michigan signals a significant investment in EV manufacturing and battery production.
Kazakhstan and Russia have discussed increasing Russian oil transit to China to 12.5mln tonnes per year, according to Kazakstan's Kaztransoil
Newsquawk Daily European Opening News - 17th March 2026
Tesla (TSLA) and LG Energy Solution (373220 KS) are to build a USD 4.3bln plant in Michigan
Japanese PM Takaichi reiterates that not considering further increase in consumption tax
European Movers: Fraport (FRA GY) +2.6%, Kone (KNEBV FH) +0.6%, Close Brothers (CBG LN) +0.2%, STMicroelectonics (STMPA FP) -0.7%, Travis Perkins (TPK LN) -1.4%
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This partnership could enhance Tesla's supply chain robustness and scale its operations in the growing EV market, potentially driving both revenue growth and innovation in battery technology. As a result, watch for ripple effects in related sectors and equities, especially those tied to electric vehicle components and materials.
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