It will be built in Tennessee.
It will supply batteries for the Cadillac Lyriq.
Both LG and GM have committed huge investments in EV developments.
Battery production and availability will be a crucial element for all automakers hoping to deliver enough EVs to meet strong future demand. General Motors has committed itself to stop selling diesel- and petrol-powered vehicles by 2035. To prepare for the future, GM and LG Chem will build a second battery cell manufacturing plant in Spring Hill, Tennessee.
Both companies are already building a plant in Lordstown, Ohio, but this new joint-venture will be a little different. The cells the TN plant will use depend on a more cost-effective battery chemistry. These new batteries are earmarked for the upcoming Cadillac Lyriq which will itself be assembled at the nearby Spring Hill assembly plant.
There’s no clear timeline for this new plant’s completion which means the Lyriq, which begins production next year, will get its batteries from another LG Chem facility according to Reuters.
The source story adds that GM will need more battery plants to supply its aggressive EVs plans. This means that more plants are likely to be built in the future.