GM, LG to make lower-cost EV battery cells in Tennessee 

By Reuters News

By Kalea Hall

DETROIT, Sept 29 (Reuters) - General Motors GM.N and battery partner LG Energy will upgrade their Tennessee plant to make lower-cost battery cells, the companies said Tuesday.

The Ultium Cells joint-venture plant will be upgraded beginning later this year to manufacture lithium manganese-rich (LMR) prismatic battery cells for future GM electric vehicles. Construction is expected to be completed in 2028, though the companies did not disclose when the cell production will begin.

  • GM has previously said its goal was to start commercial production of LMR cells for future EVs at ​a U.S. facility in 2028.

  • The LMR cells are expected to have the potential to deliver 33% higher energy density than lithium iron phosphate (LFP) cells, another lower-cost battery chemistry that many automakers have gravitated to.

  • The expansion at the Tennessee plant is projected to create 500 new jobs.

  • The Tennessee plant currently makes LFP battery cells for energy storage systems.

  • GM’s battery leader has said the automaker may ditch a plan for LFP cells to focus on LMR instead.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.