GM and LG Chem will reportedly announce Tennessee battery factory on Friday
On Friday, General Motors and LG Chem are anticipated to reveal a brand-new $2.3 billion battery factory to be located in Spring Hill, Tennessee, say reports from Nikkei, Reuters, and AP. It would be the second United States battery joint venture for the American and South Korean giants, after the set first announced a $2.3 billion battery cell factory in Lordstown, Ohio back in 2019.
The Spring Hill batteries will be used for the Cadillac Lyriq electrical SUV, state sources speaking with Reuters. GM currently revealed that Lyriq will be powered by GM’s new scalable battery architecture called Ultium. Batteries based on Ultium would use power varying from 50 to 200 kWh that could permit a driving series of 400 miles or more. The Cadillac Lyriq will be assembled at a Spring Hill plant starting next year.
GM grew to be the biggest car manufacturer in North America on the back of combustion engines. Now it requires to increase production of electric vehicles in order to become a carbon neutral business by the year 2040, and fulfill its goal to halt sales of light-duty diesel and gasoline vehicles by 2035. Having an all set supply of batteries is for that reason a fundamental concern for GM’s future. The business had actually already vowed to invest $27 billion on the development and production of 30 brand-new electric lorries by 2025 and even revamped its logo design to look more like an electrical plug.