GM evaluating second U.S. battery plant for EVs amid construction of $2.3 billion facility in Ohio

2022 GMC Hummer EV sport utility truck “Version 1”

GM

Regular Motors is calling at building a second plant within the U.S. to supply battery cells for electrical vehicles thru a joint mission with LG Chem.

The automaker confirmed the plans Thursday morning after the Wall Avenue Journal reported the corporations had been shut to a resolution to to find the plant in Tennessee, however a final selection hadn’t been made. GM acknowledged it hopes “to love a resolution on the functionality project” by June.

Through their Ultium Cells LLC joint mission, GM and LG are within the intervening time spending $2.3 billion for a contemporary battery cell plant in Ohio. The plant is anticipated to be done in 2022, allowing the automaker to diminish payments and sigh vehicles to market more like a flash. The plant is believed a pair of lynchpin to GM’s plans for its next-technology EVs to be triumphant.

GM is anticipated to initiating 20 contemporary or redesigned EVs as section of its $27 billion funding knowing from 2020 thru 2025.

Ultium is GM’s next-technology batteries and platform, which is anticipated to debut later this one year within the GMC Hummer EV pickup. The first vehicles are no longer expected to incorporate Ultium battery cells from the plant that’s within the intervening time below construction.

Outgoing GM Chief Sustainability Officer Dane Parker final one year acknowledged the automaker would must establish more funding in battery manufacturing capability. He acknowledged the lengthen would seemingly be a combine of most modern facilities and retrofitting existing flora.

“We’re able to, in loads of cases, retrofit existing propulsion flora to win that,” he acknowledged right thru a Goldman Sachs convention in December. “In some cases, we’ll be building contemporary ones.”

Amid an ongoing semiconductor chip scarcity that’s impacting automobile manufacturing globally, there used to be a increasing curiosity in restructuring automobile present chains, particularly for better tech formulation, in conjunction with battery cells. The White Dwelling final week ordered a evaluation of the U.S. battery present chain.

“We need to sigh battery manufacturing to the U.S.,” Ford CEO Jim Farley acknowledged final month right thru a Wolfe Be taught convention. “We can’t hotfoot thru what we’re doing with chips right now in Taiwan. It be honest crucial.”

Ford has no longer offered any plans for investing in U.S. battery manufacturing. Most batteries are now manufactured in Asia and Europe. Tesla within the intervening time operates a extensive battery and cell manufacturing facility with panasonic in Nevada. Tesla also told consumers in September that it started producing its bear cells at a pilot plant in Fremont, California.