General Motors is gearing up to release a bevy of new all-electric vehicles, with 30 new EVs slated for release globally by 2025. To that end, GM is increasing its EV production capacity, including for its new EV batteries. Now, The General has announced it will reveal the location of its fourth U.S. Ultium Cells battery plant in the first half of 2022.
General Motors made the announcement with its recent Q4 2021 earnings report. In the report, GM confirms that it expects to have an EV capacity in North America over 1 million units by the end of 2025.
The three U.S. Ultium Cells battery plants announced thus far include a facility in Lordstown, Ohio (opening mid-2022), a facility in Spring Hill, Tennessee (opening mid-2023), and a facility Lansing, Michigan (opening late 2024).
Some of the strategic partners that will supply parts and materials for the new Ultium batteries and EV components include MP Materials (rare earth magnets), VAC (magnet factory), POSCO (cathode active material), General Electric (rare earth and other materials), Wolfspeed (silicon carbide), and Controlled Thermal Resources (lithium).
General Motors is investing billions into ramping up its electric vehicle production capacity, with the recent Ultium Cells battery plant in Lansing representing a $2.8 billion investment in collaboration with GM’s battery manufacturing partner, LG Energy Solution.
A further $4 billion will be invested in GM’s Orion Assembly plant in Michigan, which will be converted for production of GM’s future Ultium-based electric truck models. The conversion is expected to result in the creation of more than 2,350 new GM jobs, while retaining a further 1,000 jobs already in place at the facility.