The US Department of Energy has awarded General Motors (GM) and LG Chem a loan of USD2.5 billion to help finance the construction of three lithium-ion battery cell production facilities in Lordstown, Ohio, Spring Hill, Tennessee, and Lansing, Michigan. Production has already begun at the 40GWh Ohio facility, with the Tennessee plant expected to come online in late 2023 and finally Michigan from Q3 2024. Plans for the Tennessee plant have recently been expanded from 35GWh at full capacity to 50GWh – a production capacity increase of around 40%. Once fully operational, the three plants will have combined annual production capacity of over 130GWh, with further expansion opportunities available at the Ohio site.
The loan is the first from the Advanced Technology Vehicles Manufacturing Program (ATVM) to be awarded to a project exclusively focused on battery cell manufacturing. Ultium Cells will produce…
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Image credit: Ultium Cells