Tesla stock rose early Wednesday. It has a new battery supplier, according to a report. Shares of the electric-vehicle maker were marginally higher, up 0.3% at $322.16, while S&P 500 and Dow Jones Industrial Average futures were up 0.

According to Reuters, Tesla has signed a $4.3 billion battery supply deal with LG Energy Solution to reduce China reliance and cushion US tariff impact on its energy storage business.

South Korea's LG Energy Solution has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs.