General Motors is expected to announce more U.S. battery manufacturing plants in the near future.
In an interview with the Associated Press over the weekend, GM President Mark Reuss said the company will announce more U.S.-based battery plants “in the next week.” It’s not clear where the battery plants will be based, though it’s highly likely they will produce cells for use in the automaker’s Ultium lithium-ion vehicle battery packs.
GM is currently building two new battery plants in the United States through its Ultium Cells LLC joint venture partnership with Korean battery manufacturer LG Chem. The first of these plants is being built near Lordstown, Ohio, while the second is situated near its GM Spring Hill Assembly plant in Tennessee. Both of the facilities are expected to cost around $2.3B and will supply battery cells to GM’s various EV manufacturing plants, including its Factory Zero plant in Michigan, Spring Hill Assembly in Tennessee and CAMI in Ontario, among others.
GM’s partnership with LG Chem will ensure the automaker has access to the battery cells it needs to ramp up EV production over the coming years. The automaker’s global product portfolio is expected to consist of 40 percent EVs by 2025, with products like the GMC Hummer EV, Cadillac Lyriq, BrightDrop EV600 and Chevy Bolt EV and Bolt EUV set to lead the way.
“(This partnership) 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,” LG Energy Solution CEO Jonghyun Kim said in a statement released earlier this year. “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.”
GM’s EV onslaught will begin with the start of production of the Hummer EV, which will begin rolling off the assembly line at Factory Zero later this year.