Biden gives GM and LG a $2.5B loan to build 3 battery factories in 3 states
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 CloseGM’s Ultium battery plant votes overwhelmingly to unionize with UAW
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 CloseDoes Buick’s first Ultium-based EV revealed in China deliver the electrification the brand needs in the US?
Photos and details have emerged from Buick’s first electric vehicle based on GM’s Ultium platform, the Electra E5, which was leaked in China. Can we expect to see Buick’s EV in the booming US EV market?
Expand Expanding CloseGM Energy expands beyond the automaker’s EV business with Ultium Home and Commercial services
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 CloseGM begins US Ultium battery production for Hummer EV in Ohio amidst union pushback
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 CloseGM adds Plug and Charge to EVgo Ultium Charge 360, vehicles including Bolt
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 CloseGM 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 CloseGM and LG announce giant new 50 GWh battery cell factory in the US
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 CloseGM scores huge tax break on $1.3 billion plan to build new EVs in Orion
Officials from Orion Township, Michigan approved a 12-year tax abatement for a proposed $1.3 billion investment by General Motors Co. (GM) to build out the Orion Assembly plant in Lake Orion to build the coming wave of electric GM cars.
Expand Expanding CloseGM to construct North American materials processing factory for Ultium EV batteries
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 CloseGM’s BrightDrop to build delivery EVs, 500 FedEx trucks this year
The GM announcements keep coming at CES 2021 this year. Today GM CEO Mary Barra announced a new division called BrightDrop that would be building electric delivery vehicles and the technology to go along with it.
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