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

General Motors and LG Energy Solution volition walk an further $275 cardinal successful their associated task artillery works successful Tennessee to summation accumulation by much than 40%.

The associated venture, known arsenic Ultium Cells LLC, said Friday that the caller concern is successful summation to the $2.3 cardinal announced successful April 2021 to physique the 2.8 million-square-foot facility. Production astatine the works is slated to statesman successful precocious 2023.

Domestic accumulation of artillery cells successful North America is expected to beryllium important for automakers successful the years to travel successful bid to turn their EV footprints and suffice for national incentives nether the Biden administration's Inflation Reduction Act.

The caller concern by GM and LG Energy is expected to summation capableness from 35 gigawatt-hours to 50 gigawatt-hours erstwhile the works is afloat operational.

The Ultium Cells Spring Hill tract is expected to articulation different associated task artillery compartment manufacturing sites successful Ohio and Michigan. A installation successful Michigan is besides nether operation and is expected to statesman accumulation successful precocious 2024.

"Ultium Cells volition play a captious relation successful making GM's committedness to an all-electric aboriginal a reality," said Tim Herrick, GM's vice president of EV Launch Excellence. "By expanding artillery compartment output astatine Ultium Cells Spring Hill, this concern volition assistance GM connection customers the broadest EV portfolio of immoderate automaker and further solidifies our way toward U.S. EV leadership."