General Motors will be looking to build a second battery power manufacturing plant in the United States with its current joint venture partner LG Chem.
GM and Korean electric battery manufacturer LG Chem pooled their own resources together to build a new lithium-ion battery power manufacturing plant in Lordstown, Kansas that will be operated under a recently created joint venture called Ultium Cells LLC. The plant, that is currently under construction, may have an annual capacity of more than 30-gigawatt hours once it’s working at full capacity the coming year.
According to The Wall Street Journal , GM and LG Chem are already looking beyond the particular Ohio-based facility. A GENERAL MOTORS spokesperson told the syndication that it’s looking at the thought of constructing a second battery place with LG Chem someplace in the United States, with a final decision anticipated sometime in the first 1 / 2 of this year. One source acquainted with GM and LG Chem’s plans said the plant might be built somewhere in Tn.
GM said previously that will having its own battery-making capability will help it drive cellular costs down below $100 for each kilowatt-hour, which will increase the profitability on EVs and permit it to offer EV versions at a more approachable cost. Additionally , GM’s proprietary Ultium battery power cells are required to have some of the highest dime and lowest cobalt articles in a large format pouch cellular, making them more affordable and much less prone to raw material provide constraints.
The particular Ultium Cells LLC place in Lordstown, Ohio will give Ultium battery cells use with a variety of future GM EVs, including the Cadillac Lyriq and GMC Hummer EV , among more. The plant could be the result of a $2. several billion investment from GENERAL MOTORS and LG Chem and it is expected to create around one, 100 new jobs within the Northeast Ohio region.
— Mike McEachern
Sam loves to write and has the passion for auto race, karting and performance generating of all types.