General Motors and LG Energy Solution's joint venture company, Ultium Cells, will spend $2.3 billion to build its second battery cell manufacturing plant in the U.S.
The facility will be located in Spring Hill, Tennessee, on land leased from GM. The plant will create 1,300 new jobs. Construction on the approximately 2.8 million-square-foot facility will begin immediately, and the plant is scheduled to open in late 2023. Once operational, the facility will 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. "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," said LG Energy Solution president and CEO Jonghyun Kim. "It will allow us to build solid and stable U.S-based supply chains that enable everything from research, product development, and production to the procurement of raw components. 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."
GM's proprietary Ultium battery technology is at the heart of the company's strategy to compete for nearly every EV customer in the marketplace, whether they are looking for affordable transportation, luxury vehicles, work trucks, commercial trucks, or high-performance machines.
Ultium batteries feature large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design, GM says. Energy options range from 50 to 200 kilowatt hours, which could enable a GM-estimated range up to 450 miles or more on a full charge with 0 to 60 mph acceleration in 3 seconds.
GM's future Ultium-powered EVs are designed for Level 2 and DC fast-charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while GM's truck platform will have 800-volt battery packs and 350 kW fast-charging capability.
With a 30-year history in the battery business, LG Energy Solution has made consistent, large-scale investments to accumulate enough stability, credibility, and manufacturing experience to invent its own technologies. The company established its first research facility in the U.S. in the early 2000s. In 2010, the company built its first U.S. battery plant in Holland, Michigan.
Source: GM