On Friday, General Motors and LG Chem are expected to announce a new $2.3 billion battery factory to be located in Spring Hill, Tennessee, say reports from Nikkei, Reuters, and AP. It would be the second US battery joint venture for the American and South Korean giants, after the pair first announced a $2.3 billion battery cell manufacturing plant in Lordstown, Ohio back in 2019.
The Spring Hill batteries will be used for the Cadillac Lyriq electric SUV, say sources speaking to Reuters. GM already announced that Lyriq will be powered by GM’s new scalable battery architecture called Ultium. Batteries based on Ultium would offer power ranging from 50 to 200 kWh that could allow for a driving range of 400 miles or more. The Cadillac Lyriq…
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Author: Thomas Ricker