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Tesla Eyes Stake in LG’s Battery Business, TSLA Stock Up 3% on Monday
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Tesla Eyes Stake in LG’s Battery Business, TSLA Stock Up 3% on Monday

By • 3 mins read

Sources familiar with the matter said that Tesla is eyeing for a 10% stake in LG Energy Solutions, which will have a separate battery division LG Chem very soon. To cut costs, Tesla is keen on working with partners who have pioneered the battery tech, instead of going indigenously.