October 16, 2021

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GM, LG Chem learning the feasibility of a second battery cell plant within the U.S. – TechCrunch

Basic Motors is exploring constructing a second U.S. battery cell manufacturing plant with its joint-venture accomplice Seoul, South Korea-based LG Chem.

If the plant strikes ahead, it might be the newest in a collection of investments aimed toward constructing out the auto large’s portfolio of electrical automobiles. The corporate’s three way partnership with LG, Ultium Cells LLC, is already at work setting up a $2.3 billion battery cell manufacturing facility in Lordstown, Ohio.

The businesses hope to have a choice on the manufacturing facility within the first half of 2021, GM spokesman Dan Flores advised TechCrunch. He declined to specify doable places for the positioning however Tennessee is excessive on the checklist, based on reporting from the Wall Road Journal.

GM has set formidable targets for decarbonizing its operations and pledged steep investments to get there. By means of 2025 alone the corporate stated it might carry thirty EV fashions throughout its manufacturers to the worldwide market and spend $27 billion on electrification and automatic expertise—a 35% enhance from 2020 spending. By the mid-2030s, GM stated its fleet can be all-EV.

“Clearly, with our dedication to an all-electric future, we’ll want plenty of battery cells,” Flores stated.

He declined to touch upon the continued scarcity of battery cells, which has affected EV producers Tesla and Nikola. President Joe Biden issued an govt order on the finish of February instructing federal businesses to determine dangers within the provide chains for batteries, semiconductors, and different important objects, together with the place provide chains are depending on “competitor nations.”

GM CEO Mary Barra stated in a digital investor presentation final week that the battery scarcity is one cause the corporate is investing in its personal battery cell manufacturing. She alluded to plans to develop the corporate’s battery cell manufacturing operations however didn’t go into specifics.

“There’s extra coming than we’ve introduced already,” she stated.

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