GM, LG to upgrade Tennessee plant to make low-cost EV batteries

Ultiium cells, a joint venture in between General motors And LG Energy Solution said on Monday that making low -cost electric car battery cells increased the facility in Spring Hill in Tennessee.

GM said that lithium iron phosphate battery cells can be significantly cheaper than the battery packages used in some shortened LFP-Part Houses based on the chemical symbols of ELEMANLER, because they do not require expensive minerals such as cobalt and nickel used in standard lithium-ion batteries.

“This upgrade at Spring Hill will be able to scaze the production of lower cost LFP cell technologies in the United States in the United States, completing our growing home portfolio and growing our growing house portfolio,” he said.

The GM has 12 houses in the series and has a price range of more than $ 35,000 to $ 300,000.

When the Detroit car manufacturer was announced in 2021, LG came together to invest $ 2.3 billion in Tennessee battery facility. Companies said Monday’s announcement was built on the partnership, but did not explain an additional dollar amount for upgrade.

Ultium said he expects the commercial production of LFP cells to start until the end of 2027.

The announcement comes because GM is working on a separate new battery technology for GM’s largest electric SUVs and trucks. Different home battery chemistry affects everything from the range and security of homes to energy efficiency and charging capabilities, as well as everything.

In GM He said Monday Michigan has invested $ 900 million in new battery development laboratories.

In the same year, the year GM and LG announced his investments in Tennessee, GM CEO, Mary Barra, said that GM will only offer Houses until 2035. He said that the company would invest 35 billion dollars between 2020 and 2025, the GM will determine the house plans because it was slower than expected since then and therefore did not set home investment.