General Motors’ electrification strategy includes building four lithium-ion battery plants in the United States, under the Ultium Cells joint venture with LG Energy Solution. Three projects are underway (one completed and two under construction), but the fourth one is not yet decided.
According to Automotive News, undisclosed unofficial sources indicate that GM and LGES might resign from the fourth battery factory.
“The automaker has not been able to reach an agreement with LG Energy Solution on a fourth U.S. battery plant planned for their Ultium Cells joint venture, according to multiple media reports Friday. A source with knowledge of the discussions confirmed the reports to Automotive News.”
We are not sure why would GM and the South Korean battery manufacturer would not continue to expand their joint venture. The article refers to The Wall Street Journal, which mentions disagreement “on how fast production should begin at the Ohio plant as well as on how plant employees should proceed with efforts to unionize.”
GM obviously will need more lithium-ion battery cells to achieve its goal of 1 million electric cars annually in North America by 2025.
The first factory started operations in 2022 (the target output to be 40+ GWh annually). The next two plants – in Spring Hill, Tennessee and in Lansing, Michigan – to be ready in late 2023 and in Q3 2024 (both with a target of 50 GWh annually).
The site in Tennessee appears to be in a pretty advanced stage of construction:
- Share on Facebook
- Share on Twitter
- Share on LinkedIn
- Share on Flipboard
- Share on Reddit
- Share on WhatsApp
- Send to email
Source: Read Full Article