Tuesday, February 7, 2023
HomeAutomobileGM, LG investing $275 million to broaden Tennessee EV battery plant

GM, LG investing $275 million to broaden Tennessee EV battery plant

Basic Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Middle campus in Warren, Michigan.

Picture by Steve Fecht for Basic Motors

General Motors and LG Power Resolution will spend a further $275 million of their three way partnership battery plant in Tennessee to extend manufacturing by greater than 40%.

The three way partnership, often known as Ultium Cells LLC, mentioned Friday that the brand new funding is along with the $2.3 billion introduced in April 2021 to construct the two.8 million-square-foot facility. Manufacturing on the plant is slated to start in late 2023.

Home manufacturing of battery cells in North America is anticipated to be essential for automakers within the years to return as a way to develop their EV footprints and qualify for federal incentives underneath the Biden administration’s Inflation Discount Act.

The brand new funding by GM and LG Power is anticipated to extend capability from 35 gigawatt-hours to 50 gigawatt-hours when the plant is absolutely operational.

The Ultium Cells Spring Hill website is anticipated to affix different three way partnership battery cell manufacturing websites in Ohio and Michigan. A facility in Michigan can be underneath building and is anticipated to start manufacturing in late 2024.

“Ultium Cells will play a essential position in making GM’s dedication to an all-electric future a actuality,” mentioned Tim Herrick, GM’s vp of EV Launch Excellence. “By increasing battery cell output at Ultium Cells Spring Hill, this funding will assist GM provide prospects the broadest EV portfolio of any automaker and additional solidifies our path towards U.S. EV management.”

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