Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, will upgrade its Spring Hill, Tennessee battery cell manufacturing facility to begin production of lithium iron phosphate (LFP) battery cells. This upgrade builds on a $2.3 billion investment announced in 2021. The conversion process at the facility is scheduled to begin later … Read more
General Motors (GM) and LG Energy Solution are extending their existing 14-year partnership in battery technology to include the development of prismatic battery cells. This collaboration aligns with GM’s efforts to diversify its supply chain by using multiple battery chemistries and form factors to power its electric vehicles (EVs). The new prismatic cell technology is … Read more
General Motors (GM) has entered into a non-binding agreement to sell its ownership stake in the nearly completed Ultium Cells LLC battery cell facility located in Lansing, Michigan, to its joint venture partner LG Energy Solution. The transaction, which is expected to close during the first quarter of 2025, remains subject to customary closing conditions. … Read more
