Silverado EV Forum banner
1 - 1 of 1 Posts

· Registered
333 Posts
Discussion Starter · #1 ·
Sky Water Land lot Urban design Residential area

The Tennessee Ultium battery plant in Tennessee will be getting an additional $275 million in funding from LG and GM. The money is to help expand battery cell output.

Ultium Cells LLC, a joint venture of General Motors and LG Energy Solution, will invest $275 million more in the plant it's building in Spring Hill, Tennessee, to boost battery cell production as GM begins bringing more electric vehicles to market.

Ultium Cells said Friday the investment into the plant will expand battery cell output by more than 40% when it is fully operational. The investment is in addition to the $2.3 billion investment GM and LG announced in April 2021. Production at the 2.8 million-square-foot facility will start late next year. LG built its first U.S battery plant in Holland, Michigan, in 2010.

“Ultium Cells will play a critical role in making GM’s commitment to an all-electric future a reality,” said Tim Herrick, GM’s vice president of EV Launch Excellence. "This investment will help GM offer customers the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership.”
1 - 1 of 1 Posts