General Motors and LG Chem plan to build another battery factory in the US
General Motors (GM) has confirmed that it is exploring the possibility of building a second battery cell plant in the United States with its joint venture partner in Seoul, South Korea’s LG Chem.
GM spokesman Dan Flores told TechCrunch that the decision to build the plant should be made in the first half of 2021. He declined to name the possible location of the future construction site. However, according to the Wall Street Journal publication, Tennessee ranks first on the list of states where this plant can be built.
In December 2019, GM announced plans to build its own battery factory in partnership with LG Chem in Lordstown, Ohio. It is being built by a joint venture between the two companies, Ultium Cells LLC. Recently, the construction of the main facilities of the plant was completed, which will annually produce batteries with a total capacity greater than 30 GWh with the possibility of increasing capacity in the future. The work has not yet been completed, but the companies are already thinking of building another factory.
GM CEO Mary Barra said in a virtual presentation to investors last week that the scarcity of batteries is one of the reasons why the company is investing in its own production of battery cells.