Tag Archives: Ultium Cells

EV Gold Rush – GM, Posco to Build New Plant

“We are building a sustainable and resilient North America-focused supply chain for EVs covering the entire ecosystem from raw materials to battery cell manufacturing and recycling,” said Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. Analysts will not that Korean owned Posco’s operating income and net income have declined in 2019 and 2020. The GM deal – if it works – will be beneficial to the company, which also has close business ties with China. Continue reading

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GM and LG Energy to Build Second Battery Cell Plant in US

Ultium Cells will build the new plant on land leased from GM. The new battery cell plant will create 1,300 new jobs. Construction on the approximately 2.8 million-square-foot facility will begin immediately, and the plant is scheduled to open in late 2023. Once operational, the facility will supply battery cells to GM’s Spring Hill assembly plant. The latest move clearly positions Korean company LG as the key partner in GM’s push for leadership in the growing Electric Vehicle market. Continue reading

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GM and EVgo to Add EV Fast Chargers Nationwide

The two companies say they will add fast charging stations to cities and suburbs, providing increased charging access to drivers who live in multi-unit homes, rent their homes and can’t install chargers, or might not have access to workplace charging. Continue reading

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