GM and LG to Open Second Battery Plant
Ultium Cells LLC, a joint venture of LG Energy Solutions and General Motors, is to invest more than $2.3 billion ($AU2.97 billion) to build its second battery cell manufacturing plant in the U.S. The facility will be located in Tennessee.
Ultium Cells will build the new plant on land leased from GM and the company says the plant, which is scheduled to open in late 2023, will create 1,300 new jobs and supply battery cells to GM’s Spring Hill assembly plant.
“The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future,” said GM Chairman and CEO Mary Barra in a statement.
The Ultium battery technology is at the centre of GM’s strategy to compete in the EV marketplace across all categories of vehicle. The cells can be stacked vertically or horizontally inside the battery pack, allowing engineers to optimise battery energy storage and layout for each vehicle design.
14 May 2021