GM Inks $18.6B Deal With LG Chem For EV Cathode Supply
Roughly 950,000 tons of cathode materials by 2030.
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Roughly 950,000 tons of cathode materials by 2030.
Set to be the largest cathode plant in America.
GM is now looking for a new partner for the fourth facility.
GM is reportedly in talks with another battery maker.
The plant will provide components for new GM Ultium vehicles.
Construction will be complete in 2024.
Conveniently located near GM’s Ramos Arizpe plant.
Bolt EV and Bolt EUV battery fires are caused by a manufacturing defect.
GM is now closely monitoring battery cell production at LG plants.
Barra says GM has options, though.
More than 73,000 units affected.
GM is replacing the battery packs and also buying some vehicles back.
Construction started last year.
GM and LG Chem will invest $2.3 billion into the new facility.
The plant will supply batteries for the Cadillac Lyriq.
The second battery manufacturing facility could be constructed in Tennessee.
Ohio is beefing up its energy grid in preparation for mass EV battery production.
The Ultium Cells battery plant will open in early 2022.
Groundbreaking for the plant will take place in the spring.