Tuesday, June 18, 2024
NewsGM Set to Announce More US Battery Plants This Week

GM Set to Announce More US Battery Plants This Week

More domestic battery production for more EVs

  • GM plans EV transition by 2035

  • Two new plants already expected to open in next two years


The President of General Motors is planning to announce more battery factories this week. He’s not saying where just yet, but he is saying that they’ll be located in the U.S. and will be a big addition to the automaker’s capacity to build electric cells.

“In the next week we’ll announce some more, and it will be here in the U.S.,” Mark Reuss said in an interview with The Associated Press at the recent Detroit IndyCar race.

GM has already announced two battery cell plants in the U.S. in the last two years. One in Lordstown, OH, near the former Chevrolet Cruze plant, and one in Spring Hill, TN, close to what was the Saturn plant and is now where GM builds many large crossovers. Each is set to cost US $2.3B to build with the first expected to open next year and the second in 2023.

The automaker has already announced five EV factories including in Detroit, Spring Hill, Ramos Arizpe Mexico, and the Ingersoll, ON, plant that will build GM’s Brightdrop models. With GM planning to introduce 30 new EVs around the world by 2025, it will need more vehicle and battery plants to keep up.

Both existing battery plants are a joint venture with LG Energy Solution under the name Ultium. GM is giving that name to its next-gen electric drivelines as well. It’s not clear if the new plants will be under the same arrangement.

 

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