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By MT Bureau| Apr 19, 2021

Ultium Cells Invests $2.3bln In Second Battery Cell Plant in US

Ultium Cells, a joint venture of LG Energy Solution and General Motors,  will invest more than $2.3 billion for its second battery cell manufacturing plant in Spring Hill, Tennessee, United States. The plant is scheduled to open in late 2023.

The 2.8 million-square-foot new battery cell plant will create 1,300 new jobs and will supply battery cells to General Motors’ 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. “The support of the state of Tennessee was an important factor in making this investment in Spring Hill possible and this type of support will be critical moving forward as we continue to take steps to transition our manufacturing footprint to support EV production.”

“This partnership with General Motors will transform Tennessee into another key location for electric vehicle and battery production. It will allow us to build solid and stable US-based supply chains that enable everything from research, product development and production to the procurement of raw components,” said, LG Energy Solution President and CEO, Jonghyun Kim. "Importantly, I truly believe this coming together transcends a partnership as it marks a defining moment that will reduce emissions and help to accelerate the adoption of EVs.” (MT)

 

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