The Biden administration today announced that it’s closed a $2.5 billion loan for Ultium Cells, a joint venture between GM and South Korean battery maker LG Energy Solution. The loan will go toward financing the construction of new lithium-ion battery cell factories in Ohio, Tennessee, and Michigan.Expand Expanding Close
GM’s first Ultium battery plant in Lordstown, Ohio has voted to join the United Auto Workers, with 98% of workers voting in favor of union representation.Expand Expanding Close
General Motors has announced a new business unit to expand outside of its current portfolio of EVs and charging network. The new energy management services business is called GM Energy and will consist of Ultium Home and Ultium Commercial, in combination with the previously existing Ultium Charge 360.Expand Expanding Close
GM has officially begun Ultium EV battery production in the US as part of its $2.3 billion joint venture with LG Energy Solution. The JV’s 2.8-million square foot facility in Ohio is now assembling battery packs for the GMC Hummer EV, but remains hush on what other EVs in the GM family will receive them. Meanwhile, the American automaker continues to work through disputes as its battery factory employees look to unionize.Expand Expanding Close
This is big. General Motors (GM) has announced that it is adding Plug and Charge capabilities to its Ultium Charging 360 network of charge providers across North America and across its line of Bolt, Hummer and Cadillac Lyriq EVs.
To begin, drivers with an EVgo account will be able to utilize the convenience of Plug and Charge before GM expands the technology to additional charging networks across its Ultium Charge 360 family.Expand Expanding Close
GM announces its largest investment ever, $7 billion, toward an EV production capacity over one million units by 2025
Fresh off recent battery production news, General Motors (GM) is investing further into its US EV production, particularly in Michigan. In fact, the American automaker has announced a sum of $7 billion, its largest single investment in its 113 year history. The premium investment will be used overhaul EV and battery cell production, thus creating 4,000 new US jobs.Expand Expanding Close
GM and LG Energy Solution, through their Ultium partnership, announced a giant new 50 GWh battery cell factory coming to Lansing, Michigan in the US.
It’s going to be the third Ultium battery factory to support GM’s EV ambitions.Expand Expanding Close
General Motors announced a joint venture alongside POSCO Chemical to erect a new factory in North America to process Cathode Active Material (CAM). CAM will be vital to GM’s production of its proprietary Ultium EV batteries, as the legacy automaker looks to establish a larger presence in US EV production.Expand Expanding Close