General Motors Co., the Detroit-based second-largest American passenger carmaker along with its S. Korean JV partner LG Chem, have been set to announce a second US EV battery factory in Spring Hill, Tennessee as early as by Friday, spurring up a rattling battle with EV market leader Tesla Inc.
further, at least three people familiar with the subject-matter had unveiled late on Wednesday on condition of anonymity given the scale of sensitivity of the issue. Aside from that, a press agency report published late in the day had also quoted one of the sources as saying that the US automotive industry giant alongside the South Korean industrial conglomerate would unveil a plan of a $2.3 billion EV battery factory in Spring Hill, Tennessee on Friday, while the plant would illustrate a different and more cost-effective EV battery technology than that of another plant being built in Lordstown, Ohio.
On top of that, the GM-LG Chem JV’s second EV plant in the US would develop batteries for Cadillac Lyriq electric crossover vehicles, which GM would start off manufacturing at its Spring Hill production line next year, added the sources.
GM, LG Chem Joint Venture to unveil second US EV battery plant
In point of fact, latest move from GM alongside its US JV partner LG Chem followed media toplines that quoted GM as saying earlier in the year that it had been brewing off the feasibility of another US EV battery cell plant with South Korean industrial conglomerate LG’s energy unit, LG Energy Solution, through its Ultium Cells LLC JV.
On top of that, sources familiar with the subject-matter told earlier in 2021 that the Detroit-based American multinational carmaker alongside LG Chem had been in an advanced staged talk with Tennessee officials about constructing a second US EV battery factory similar to their $2.3-billion Lordstown plant.