General Motors and LG Energy Solution will invest more than US$2.3 billion to build their second battery cell manufacturing plant in the United States.
The 260,000 m2 facility, to be located in Spring Hill, Tennessee, will supply battery cells to GM’s Spring Hill assembly plant.
It will be delivered by Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, on a land leased from GM.
GM Chairman and CEO Mary Barra said the new battery cell plant will create 1,300 new jobs and will open in late 2023.
“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,” Ms Barra added.
LG Energy Solution President and CEO Jonghyun Kim said the state-of-the-art Spring Hill plant will use the most advanced and efficient battery cell manufacturing processes.
“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,” Mr Kim continued.
“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.”