As Wall Street bids lithium prices way up, Tesla may build a huge LFP battery factory in the U.S.

Tesla plans to offset the galloping battery component prices by using the cheaper LFP chemistry in all of its standard range vehicles. Not only that, but it may have entered a U.S. factory agreement with Gotion, a big Chinese LFP battery cells supplier, which includes production on American soil. The potential deal that Gotion bragged about has it procuring the whopping 200 GWh in a 5-year period, an amount that makes Tesla the prime candidate to be that “large listed automobile company in the US” mentioned in the statement.